Shopify Inc. (SHOP)
Shopify Max Pain By Strike
SHOP trades at $146.22, 2.3% above the near-term max pain of $143 expiring Sep 12, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($90-$145), signaling increased put positioning or downside protection. Key magnetic zone at 130 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Shopify Max Pain By Expiry
Max pain for SHOP shows a downward trend from 145 to 90, indicating bearish sentiment or hedging activity. The 43% spread signals divergent expectations across timeframes. Most levels below 146.22 may cap rallies. Strong magnetic level at 130 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 12, 2025 | 143 | -3.22 (-2.20%) |
| Sep 19, 2025 | 120 | -26.22 (-17.93%) |
| Sep 26, 2025 | 140 | -6.22 (-4.25%) |
| Oct 3, 2025 | 135 | -11.22 (-7.67%) |
| Oct 10, 2025 | 145 | -1.22 (-0.83%) |
| Oct 17, 2025 | 135 | -11.22 (-7.67%) |
| Oct 24, 2025 | 144 | -2.22 (-1.52%) |
| Nov 21, 2025 | 140 | -6.22 (-4.25%) |
| Dec 19, 2025 | 120 | -26.22 (-17.93%) |
| Jan 16, 2026 | 90 | -56.22 (-38.45%) |
| Mar 20, 2026 | 110 | -36.22 (-24.77%) |
| Apr 17, 2026 | 130 | -16.22 (-11.09%) |
| May 15, 2026 | 140 | -6.22 (-4.25%) |
| Jun 18, 2026 | 130 | -16.22 (-11.09%) |
| Sep 18, 2026 | 130 | -16.22 (-11.09%) |
| Dec 18, 2026 | 95 | -51.22 (-35.03%) |
| Jan 15, 2027 | 105 | -41.22 (-28.19%) |
| Dec 17, 2027 | 135 | -11.22 (-7.67%) |