• Kumar

$SHOP (Shopify) - Short for Earnings

We believe Shopify will drop due to bearish orders in options, growth slowing YoY, huge run up prior to earnings and chart looking weak for a breakout. We believe earnings will be "okay" though it will not be enough to drive the stock price up any higher.

We are currently short in $SHOP @ $135.69

Target $120-$125

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