Shopify Bull Put Spread Example (July 2025)
A bull put spread is a popular options strategy for traders who want to generate income with limited risk when moderately bullish on a stock. In this guide, we'll walk through how a real trade was executed using Shopify (SHOP), and what you can learn from it.
- Stock: Shopify (SHOP)
- Outlook: Neutral to moderately bullish
- Setup: Sell 1 SHOP $70 Put @ $2.00; Buy 1 SHOP $65 Put @ $1.00
- Net Credit: $1.00 ($100 per contract)
- Max Profit: $100
- Max Loss: $400
- Breakeven: $69.00
Outcome: If SHOP stays above $70 by expiration, you keep the full $100 premium.
