A Shopify, Inc. (SHOP) cash-secured put option play offers a one-month yield of 4.5%. The put strike price is 7% below Friday's closing stock price. This play has good downside protection, a lower 11% breakeven point, and an attractive expected return (ER). SHOP closed at $161.14 per share on Friday, Oct. 3. The stock is at a peak, so it might make sense for new investors to set a potential lower buy-in point. This can be done by shorting out-of-the-money (OTM) puts. More News from Barchart SHOP stock - ...