Learn/Iron Condor/SHOP

01 — SHOP · IRON CONDOR

Best SHOP iron condor 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
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Top pick · 4-leg iron condor
$115/$120P + $195/$197.5C · Dec 4
34 DAYS · BOTH WINGS 5 WIDE · SELL TO OPEN
Credit
$616
Return
61600%
PoP
73%
WingsExpirationCreditReturn ↓PoP
$125P / $190C
5 wide wings
Dec 4
34 days
$298
$2.98 / share
147.52%67%
$125P / $190C
5 wide wings
Nov 27
27 days
$142
$1.42 / share
39.66%70%
3 of 3 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $115/$120P + $195/$197.5C · 34 DTE

$0+$616−$-116$115$120P$195C$198

Key numbers

Premium collected+$616
Max profit+$616
Profit zone$113.84 — $201.16
Probability of profit73%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full iron condor guide →

      04 — By condition

      Read by market condition

      01
      High Implied Volatility
      READ →
      02
      Range-Bound Market
      READ →
      03
      Earnings Week
      READ →
      04
      Bullish Trend
      READ →
      05
      Post-Earnings IV Crush
      READ →

      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.

      Analyze SHOP free →