01 — SHOP · BEAR CALL SPREADS

Best SHOP bear call spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

High-beta growth name with options flow concentrated around earnings and consumer-spending data.

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Shopify
Software / E-commerce
SHOP
$157.49+6.2% / 30d
IV rank (1y)
27.7% · low
Next earnings
Nov 3
Market cap
$204.4B
P/E (fwd)
64.1
Option vol
12K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$172.5/$175 call spread · Dec 4
34 DAYS · 9.5% OTM · 3 WIDE · SELL TO OPEN
Credit
$684
Return
68400%
PoP
61%
SpreadExpirationCreditReturn ↓PoP
$172.5 / $175
9.5% OTM · 3 wide
Nov 27
27 days
$535
$5.35 / share
53500%62%
$182.5 / $185
15.9% OTM · 3 wide
Dec 4
34 days
$453
$4.53 / share
45300%71%
$182.5 / $185
15.9% OTM · 3 wide
Nov 27
27 days
$294
$2.94 / share
29400%72%
$175 / $177.5
11.1% OTM · 3 wide
Nov 27
27 days
$110
$1.10 / share
78.57%65%
$177.5 / $180
12.7% OTM · 3 wide
Dec 4
34 days
$80
$0.80 / share
47.06%66%
$177.5 / $180
12.7% OTM · 3 wide
Nov 27
27 days
$78
$0.78 / share
45.35%68%
$175 / $177.5
11.1% OTM · 3 wide
Dec 4
34 days
$26
$0.26 / share
11.61%64%
8 of 8 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

Moderately bearish or neutral traders seeking defined-risk credit income.

P&L at expiration · $172.5/$175 call spread · 34 DTE

$0+$684−$-434$175 LONG$179.34 BE$173 SHORT

Key numbers

Premium collected+$684
Max profit+$684
Breakeven$179.34
Spread$172.5 / $175
Probability of profit61%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on SHOP.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

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