SHOP Options Chain Analysis

As of previous close (2026-10-01) · OPRA historical data

Spot $148.85 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.93

292k P / 315k C

Put/Call (Volume)

0.54

9k P / 17k C that session

30d ATM IV

56%

annualized implied move

Call wall

$150

24k contracts

Put wall

$105

42k contracts

Tail hedging

2.6×

deep-OTM puts vs calls

What the positioning says

●Call wall at $150 (24k contracts), 1% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $105 (42k contracts), 29% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.6× deep-OTM call OI — an institutional hedging ladder sits under this stock.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-02	19k	15k	0.79	8k
2026-10-09	6k	3k	0.61	2k
2026-10-16	78k	46k	0.59	9k
2026-10-23	4k	23k	6.14	396
2026-10-30	5k	14k	2.70	430
2026-11-06	267	369	1.38	275
2026-11-13	0	0	—	112
2026-11-20	26k	27k	1.05	3k
2026-12-18	71k	28k	0.40	1k
2027-01-15	46k	51k	1.11	1k
2027-03-19	11k	9k	0.79	765
2027-04-16	1k	2k	1.22	13
2027-06-17	14k	18k	1.35	248
2027-09-17	4k	6k	1.73	243
2027-12-17	6k	9k	1.40	60
2028-01-21	15k	25k	1.61	480
2028-12-15	10k	17k	1.71	73
2029-01-19	295	176	0.60	20

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.