Let’s talk about Shopify (SHOP) for a moment, because there’s a point I’d like to make. SHOP announced earnings hours before the market opened, and the stock plunged by about $20. I had no position, but if I had puts, I’d have been briefly thrilled. However, the stock’s low was basically set a few moments after the earnings came out, and it did nothing but climb afterwards. Once it was all done, the stock actually CLIMBED for the day. Any Shopify bears were understandably pissed and/or disappointed.




