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Make a 4.5% One-Month Yield Shorting Shopify Cash-Secured OTM Puts

Equities

Mark R. Hake, CFA

·

October 5, 2025

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Barchart

A Shopify cash-secured put option play offers a one-month yield of 4.5%. The put strike price is also 7% below the stock price. This play offers good downside protection, an 11% lower breakeven point, and an attractive expected return.

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