SHOP January 175 calls: repeat buyers near trend support

Buy January 15 $175 calls with small risk. This contract attracted $341K of ask-side buying across two sessions; open interest rose about 37% over its longer history. Target $195 by December 4. Exit on a daily close below $162.50 or a 50% option loss; reassess November 9 if shares cannot reclaim $175. November 3 earnings can cause a gap and a drop in option volatility. Broader flow is mixed, so size for losing the entire premium.

• SHOP, long call, 3-8 weeks, opened Oct 26, 2026. It closed at -12.2%.

Updated 2026-11-02 17:12 UTC