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.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Shopify
Software / E-commerce
SHOP
$166.89+12.5% / 30d
IV rank (1y)
17.8% · low
Next earnings
Nov 3
Market cap
$216.6B
P/E (fwd)
67.9
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
$195/$197.5 call spread · Dec 4
36 DAYS · 15.9% OTM · 3 WIDE · SELL TO OPEN
Credit
$537
Return
53700%
PoP
74%
SpreadExpirationCreditReturn ↓PoP
$192.5 / $195
14.4% OTM · 3 wide
Nov 27
29 days
$340
$3.40 / share
34000%74%
$187.5 / $190
11.5% OTM · 3 wide
Nov 27
29 days
$140
$1.40 / share
127.27%69%
$187.5 / $190
11.5% OTM · 3 wide
Dec 4
36 days
$125
$1.25 / share
100%68%
$180 / $182.5
7.0% OTM · 3 wide
Nov 20
22 days
$123
$1.23 / share
96.85%62%
$182.5 / $185
8.5% OTM · 3 wide
Dec 4
36 days
$105
$1.05 / share
72.41%63%
$192.5 / $195
14.4% OTM · 3 wide
Nov 20
22 days
$102
$1.02 / share
68.92%75%
$182.5 / $185
8.5% OTM · 3 wide
Nov 27
29 days
$95
$0.95 / share
61.29%64%
$192.5 / $195
14.4% OTM · 3 wide
Dec 4
36 days
$82
$0.82 / share
48.81%72%
$185 / $187.5
10.0% OTM · 3 wide
Dec 4
36 days
$80
$0.80 / share
47.06%65%
10 of 16 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

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

P&L at expiration · $195/$197.5 call spread · 36 DTE

$0+$537−$-287$198 LONG$200.37 BE$195 SHORT

Key numbers

Premium collected+$537
Max profit+$537
Breakeven$200.37
Spread$195 / $197.5
Probability of profit74%
Days to expiration36

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.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.