SHOP options — covered call & cash-secured put yields
Shopify Inc. · Technology — E-commerce SaaS
Top 5 covered-call strikes for SHOP
Ranked by annualized yield. Updated every 5 minutes during market hours.
Loading top covered calls…
Top 5 cash-secured puts for SHOP
Sub-spot strikes ranked by annualized return on capital.
Loading top cash-secured puts…
About SHOP options
Shopify Inc. (SHOP) is a Technology — E-commerce SaaS listed company with high implied volatility — meaningful premium income but watch position sizing. SHOP does not currently pay a dividend, so ex-dividend early-assignment risk on short calls is not a concern.
For wheel-strategy traders, SHOP is a workable wheel candidate. The high implied volatility — meaningful premium income but watch position sizing means cash-secured puts collect meaningful premium, and the underlying business profile (Technology — E-commerce SaaS) makes it a name many income sellers would be comfortable being assigned at the right strike.
For income-strategy traders, the SHOP option chain typically supports both conservative (delta around 0.20) and aggressive (delta around 0.35) premium-selling setups. The Live Opportunities ranking above scans every active expiration and surfaces the highest-yielding contracts by annualized return.
Income strategies on SHOP
- Covered calls on SHOP — if you own SHOP shares. New to the strategy? Read the full covered-calls guide first.
- Cash-secured puts on SHOP — if you have cash to deploy and would be comfortable owning SHOP. See the cash-secured puts guide for mechanics.
- SHOP wheel strategy — for repeating CSP → assignment → covered call → called-away cycles. The complete wheel-strategy guide covers stock selection and cycle math.
Related tickers
Other Technology names with similar liquidity profile:
Frequently asked questions
What are the best covered-call strikes for SHOP right now?
The Top 5 list above ranks every covered-call strike across every upcoming expiration on SHOP by annualized yield, refreshed every 5 minutes. Click any strike to open the calculator pre-filled with that contract.
Is SHOP a good wheel-strategy stock?
For wheel-strategy traders, SHOP is a workable wheel candidate. The high implied volatility — meaningful premium income but watch position sizing means cash-secured puts collect meaningful premium, and the underlying business profile (Technology — E-commerce SaaS) makes it a name many income sellers would be comfortable being assigned at the right strike.
What delta should I sell on SHOP?
Most income sellers target a 0.20 to 0.35 delta strike. Conservative sellers stay near 0.20 (lower yield, lower assignment risk). Aggressive sellers go to 0.35 (higher yield, higher assignment risk). With high implied volatility — meaningful premium income but watch position sizing, SHOP works well across this range.
Does SHOP pay a dividend, and does it affect my covered call?
SHOP does not currently pay a dividend, so ex-dividend early-assignment risk on short calls is not a concern.