01 — SHOP · CASH-SECURED PUTS

Best SHOP cash-secured puts 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.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
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
$152.5 put · Dec 4
34 DAYS · 3.2% OTM · SELL TO OPEN
Credit
$1233
Return
7.83%
PoP
60%
StrikeExpirationCreditReturn ↓PoP
$152.5
3.2% OTM
Nov 27
27 days
$1175
$11.75 / share
7.46%60%
$150
4.8% OTM
Nov 27
27 days
$1027
$10.27 / share
6.52%63%
$150
4.8% OTM
Dec 4
34 days
$990
$9.90 / share
6.29%63%
$147
6.7% OTM
Dec 4
34 days
$943
$9.43 / share
5.99%66%
$145
7.9% OTM
Dec 4
34 days
$870
$8.70 / share
5.52%69%
$144
8.6% OTM
Dec 4
34 days
$840
$8.40 / share
5.33%70%
$149
5.4% OTM
Dec 4
34 days
$839
$8.39 / share
5.33%64%
$145
7.9% OTM
Nov 27
27 days
$802
$8.02 / share
5.09%69%
$148
6.0% OTM
Nov 27
27 days
$734
$7.34 / share
4.66%66%
10 of 22 matchesCustomize filters →

03 — Strategy

Cash-Secured Puts, plainly explained

Income-focused traders comfortable owning shares if assigned.

P&L at expiration · $152.5 put · 34 DTE

$0+$1,233losses$140.17 BREAKEVEN$153 STRIKE

Key numbers

Premium collected+$1,233
Max profit+$1,233
Breakeven$140.17
Capped above$152.5
Probability of profit60%
Days to expiration34

When this trade makes sense

Use when

  • ✓You have cash to buy 100 shares at the strike
  • ✓You'd be happy owning the stock at the strike price
  • ✓You think the stock holds or drifts up
  • ✓IV rank is elevated — premiums are rich

Avoid when

  • ✕You think the stock is about to drop hard
  • ✕You don't actually want to own the stock
  • ✕Earnings are inside the expiration window
  • ✕Premiums are unusually low — nothing to collect
Read the full cash-secured puts 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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