SHOP · Wheel
Shopify Inc. (SHOP) wheel
The cash-secured put → assigned shares → covered call cycle for this ticker.
- Modelled strike
- $135.00
- Modelled premium
- $1.66
- Cash required
- $13,500.00
- Breakeven
- $133.34
- Downside buffer
- 19.7%
- Period return
- 1.2%
- Annualized return
- 18.0%
- Days to expiration
- 27
Update time unavailable
Loading graph — the exact table is available below.
$83.015Expiration P/L -$5,032.50Update time unavailable
Event / reference markers
- Spot: $166.03
- Expiry breakeven $133.34: $133.34
- sell put strike $135.00: $135.00
Exact data table
| Observation | Expiration P/L (USD) | Context | Updated |
|---|---|---|---|
| -$5,032.50 | Update time unavailable | ||
| -$4,866.47 | Update time unavailable | ||
| -$4,700.44 | Update time unavailable | ||
| -$4,534.41 | Update time unavailable | ||
| -$4,368.38 | Update time unavailable | ||
| -$4,202.35 | Update time unavailable | ||
| -$4,036.32 | Update time unavailable | ||
| -$3,870.29 | Update time unavailable | ||
| -$3,704.26 | Update time unavailable | ||
| -$3,538.23 | Update time unavailable | ||
| -$3,372.20 | Update time unavailable | ||
| -$3,206.17 | Update time unavailable | ||
| -$3,040.14 | Update time unavailable | ||
| -$2,874.11 | Update time unavailable | ||
| -$2,708.08 | Update time unavailable | ||
| -$2,542.05 | Update time unavailable | ||
| -$2,376.02 | Update time unavailable | ||
| -$2,209.99 | Update time unavailable | ||
| -$2,043.96 | Update time unavailable | ||
| -$1,877.93 | Update time unavailable | ||
| -$1,711.90 | Update time unavailable | ||
| -$1,545.87 | Update time unavailable | ||
| -$1,379.84 | Update time unavailable | ||
| -$1,213.81 | Update time unavailable | ||
| -$1,047.78 | Update time unavailable | ||
| -$881.75 | Update time unavailable | ||
| -$715.72 | Update time unavailable | ||
| -$549.69 | Update time unavailable | ||
| -$383.66 | Update time unavailable | ||
| -$217.63 | Update time unavailable | ||
| -$51.60 | Update time unavailable | ||
| $0.00 | Update time unavailable | ||
| $114.43 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Spot reference | Update time unavailable | |
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable | ||
| $166.00 | Update time unavailable |
Black-Scholes from the published at-the-money implied volatility (one expected move out of the money). If assigned you buy 100 shares at the strike, an effective $133.34 per share after premium; the shares can keep falling.
Stage C would sell a $195.00 call for about $3.45, lowering the effective basis further.
Next steps
Data provenance
Figures are from published, reviewed research as of Oct 7, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.