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SHOPIFY INCSHOPIFY INCSHOPIFY INC

SHOPIFY INC

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SHOP trade ideas

SHOP - low of bearish engulfing candle broken - PUTSShopify is getting attention for its ultra-rich valuation. Stochastic %K dipped lower on Monday, compared to June 24, and %D has crossed below RSI. Since stock traded below the low of Monday's bearish engulfing candle (with volume), I think today's buying will turn over as more people take profits. I bought 7/17 850 puts for 2.90. Volume is low on these options, and risk is high. Reward to risk is also high, so if this trade makes you uncomfortable, ask yourself if you can be content buying one contract (using less than $300 capital)?
NYSE:SHOPShort
by OptionsRising
4
Shopify's price-to-sales ratio is... nearing 70!Just a quick chart showing Shopify's price-to-sales ratio, which is nearing 70. That means investors are paying $70 to get $1 in revenue from Shopify. I have yet to see a large cap stock of this size trade at a multiple like it. Truly amazing to see. No comment if it is overvalued or undervalued. But, it is high up on my watchlist for future volatility and I thought some of you would find it interesting. They could grow 200%+ and I guess at that point it makes sense. But the expectations are high for them and need to hit on all cylinders.
NYSE:SHOP
by scheplick
1