Shopify rebounding to mid-range ($115) with elevated put IV skew (+8.7pp) creating rich credit — sell puts below the $107 SMA20 support floor and collect premium in a recovering-but-rangebound setu…
Put IV skew +8.7pp — puts priced richly vs callsSMA20 at $107.49 provides defined support floorRSI 53.8 (mid-range, prior close) — not overbought