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
$110.41-1.8% / 30d
IV rank (1y)
95.8% · elevated
Next earnings
Aug 5
Market cap
$143.3B
P/E (fwd)
47.5
Option vol
16K /day

02 — Live setups

Suggested strikes

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

Days to expiration
Probability of profit
Sort by
Top pick
$107 put · May 29
21 DAYS · 4.2% OTM · SELL TO OPEN
Credit
$468
Annualized
72.8%
PoP
62%
StrikeExpirationCreditAnnualized PoP
$107
4.2% OTM
Jun 5
28 days
$573
$5.73 / share
66.85%61%
$106
5.1% OTM
May 29
21 days
$400
$4.00 / share
62.22%65%
$104
6.9% OTM
May 29
21 days
$397
$3.97 / share
61.75%70%
$106
5.1% OTM
Jun 5
28 days
$518
$5.18 / share
60.43%64%
$107
4.2% OTM
Jun 12
35 days
$645
$6.45 / share
60.2%61%
$106
5.1% OTM
Jun 12
35 days
$597
$5.97 / share
55.72%63%
$105
6.0% OTM
Jun 5
28 days
$476
$4.76 / share
55.53%66%
$105
6.0% OTM
May 29
21 days
$351
$3.51 / share
54.6%68%
$103
7.8% OTM
Jun 5
28 days
$462
$4.62 / share
53.9%70%
10 of 20 matchesCustomize filters →

03 — Strategy

Cash-Secured Puts, plainly explained

Income-focused traders comfortable owning shares if assigned.

P&L at expiration · $107 put · 21 DTE

$0+$468losses$102.32 BREAKEVEN$107 STRIKE

Key numbers

Premium collected+$468
Max profit+$468
Breakeven$102.32
Capped above$107
Probability of profit62%
Days to expiration21

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.

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.