01 — SHOP · COVERED CALLS

Best SHOP covered calls 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
$119 call · May 29
21 DAYS · 6.5% OTM · SELL TO OPEN
Credit
$345
Annualized
53.66%
PoP
71%
StrikeExpirationCreditAnnualized PoP
$117
4.7% OTM
May 29
21 days
$340
$3.40 / share
52.89%65%
$116
3.8% OTM
Jun 5
28 days
$425
$4.25 / share
49.58%61%
$117
4.7% OTM
Jun 5
28 days
$410
$4.10 / share
47.83%62%
$119
6.5% OTM
Jun 5
28 days
$392
$3.92 / share
45.73%66%
$116
3.8% OTM
May 29
21 days
$290
$2.90 / share
45.11%64%
$121
8.3% OTM
Jun 5
28 days
$360
$3.60 / share
42%71%
$118
5.6% OTM
Jun 5
28 days
$336
$3.36 / share
39.2%65%
$118
5.6% OTM
May 29
21 days
$251
$2.51 / share
39.04%67%
$118
5.6% OTM
Jun 12
35 days
$396
$3.96 / share
36.96%63%
10 of 23 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

Neutral-to-mildly bullish traders focused on steady premium collection.

P&L at expiration · $119 call · 21 DTE

$0+$1,071losses$108.29 BREAKEVEN$119 STRIKE

Key numbers

Premium collected+$345
Max profit+$1,071
Breakeven$108.29
Capped above$119
Probability of profit71%
Days to expiration21

When this trade makes sense

Use when

  • You already own 100+ shares of the stock
  • You'd be fine selling at the strike price
  • You think the stock goes flat or slightly up
  • IV rank is elevated — premiums are rich

Avoid when

  • You think the stock is about to rip higher
  • You're attached to the shares (tax, conviction)
  • Earnings are inside the expiration window
  • Premiums are unusually low — nothing to collect
Read the full covered calls 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.