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.

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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

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Top pick · 4-leg iron condor

$135/$140P + $197.5/$200C · Nov 27

29 DAYS · BOTH WINGS 5 WIDE · SELL TO OPEN

Credit

$167

Return

50.15%

PoP

64%

Wings	Expiration	Credit	Return ↓	PoP
$140P / $197.5C 5 wide wings	Nov 20 22 days	$135 $1.35 / share	36.99%	66%
$142P / $195C 3 wide wings	Nov 27 29 days	$52 $0.52 / share	26.26%	62%

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03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $135/$140P + $197.5/$200C · 29 DTE

Key numbers

Premium collected+$167

Max profit+$167

Max loss−$333

Profit zone$138.33 — $199.17

Probability of profit64%

Days to expiration29

When this trade makes sense

Use when

Avoid when

Read the full iron condor guide →

04 — By condition

Read by market condition

High Implied Volatility

Post-Earnings IV Crush

READ →

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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