SHOP
Shopify IncPrices and gamma are point-in-time snapshots taken at the time shown. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.
LIVE MARKET SNAPSHOT
| Call Wall | 140 |
| Put Wall | 130 |
| GEX Flip | 131 |
| Vol Trigger | 131 |
| Net GEX | $32.3M |
Cached snapshot as of 2026-09-16 06:04 UTC, live streaming data in the terminal.
SHOP DEALER GAMMA BY STRIKE
Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.
Net gamma exposure at each strike near SHOP's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.
Unit: USD of dealer gamma per 1 percent move in spot. A window of the SHOP option chain, not the whole book: the 30 strikes nearest spot out of 72 seen, 1,324 contract rows spanning 18 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 116 | -$3.9K | $0 | -$3.9K | |
| 117 | -$26.7K | $0 | -$26.7K | |
| 118 | -$40.6K | $0 | -$40.6K | |
| 119 | -$90.7K | $0 | -$90.7K | |
| 120 | -$3.2M | $1.2M | -$4.4M | |
| 121 | -$53.5K | $0 | -$53.5K | |
| 122 | -$70.2K | $0 | -$70.2K | |
| 123 | -$83.7K | $0 | -$83.7K | |
| 124 | -$131.9K | $0 | -$131.9K | |
| 125 | -$2.7M | $1.9M | -$4.6M | |
| 126 | -$711.0K | $0 | -$711.0K | |
| 127 | -$28.8K | $44.7K | -$73.4K | |
| 128 | -$551.0K | $56.2K | -$607.2K | |
| 129 | -$73.1K | $83.6K | -$156.7K | |
| 130SPOTPUT WALL | -$2.0M | $4.3M | -$6.3M | |
| 131GEX FLIP | $63.5K | $140.5K | -$77.0K | |
| 132 | $122.6K | $167.5K | -$44.9K | |
| 133 | $139.6K | $207.6K | -$68.0K | |
| 134 | $647.0K | $647.0K | $0 | |
| 135 | $17.8M | $20.7M | -$2.8M | |
| 136 | $615.4K | $624.4K | -$9.0K | |
| 137 | $228.8K | $282.2K | -$53.4K | |
| 138 | $113.1K | $113.1K | $0 | |
| 139 | $160.5K | $212.3K | -$51.8K | |
| 140CALL WALL | $19.7M | $20.9M | -$1.2M | |
| 141 | $127.6K | $127.6K | $0 | |
| 142 | $58.5K | $58.5K | $0 | |
| 143 | $373.4K | $377.7K | -$4.3K | |
| 144 | $190.5K | $199.0K | -$8.6K | |
| 145 | $1.6M | $1.8M | -$210.0K |
These levels were captured September 16, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.
ABOUT SHOP
Shopify provides an e-commerce platform enabling merchants to create online stores, manage payments, shipping, and inventory. Shopify Plus serves large enterprises, and the company offers point-of-sale hardware for physical retail. Shop Pay is one of the largest digital wallets by transaction volume.
WHY TRACK SHOP ON SQUAWKFLOW
SHOP options activity is a direct proxy for e-commerce growth trends and SMB health. GMV growth rates and take rates drive large earnings swings. Holiday season positioning in SHOP flow signals consumer spending expectations.
SHOP DATA ON SQUAWKFLOW
Options Flow
SHOP options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last SHOP price, change, volume, and the current dealer-gamma regime
GEX Dashboard
SHOP gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of SHOP market microstructure in real time
News Sentiment
SHOP news with AI sentiment scoring and impact analysis
Sector Context
Technology sector rotation and relative strength vs peers
Track SHOP in the Terminal
Options flow, per-strike dealer gamma, key levels, and AI narration, free.
Open Terminal →LEARN MORE
A practical guide to reading dealer positioning data and understanding how market maker flows affect price action.
Sweeps vs Blocks in Options Trading: What is the Difference?Understanding the difference between sweep orders and block trades in options flow and why it matters.
What is Gamma Exposure (GEX)? A Complete GuideUnderstanding gamma exposure and how dealer hedging creates support and resistance levels in the market.
Zero DTE (0DTE) Options Trading: Strategy and RiskEverything you need to know about trading zero days to expiration options, including strategies, risks, and why they dominate modern markets.