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Shopify (SHOP) Option Traders Optimistic, but ...

·6 min read
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Optimistic traders have bid up the share prices for Shopify Inc. (SHOP) ahead of its quarterly earnings announcement. There's no way to accurately predict the direction a stock will move after the announcement. Option trading represents the activities of investors who want to protect their positions or speculators who want to profit from correctly forecasting unexpected moves in an underlying stock or index.