Call Options on SHOP on 5/13/2024

Shopify Inc. (SHOP), a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America.

The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping, and securing working capital.

The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

We will be trading June 7th Call Options.

Last Trade: $58.94

Trading Range: $45.50 - $91.57

Trade Buy 1 June $59.00 Call at $2.50 For a net debit of $2.50 Profit/Loss Analysis Breakeven at $61.50 Maximum profit is unbounded Maximum loss is ($250.00) at strike of $59.00 Closing Summary Sold 1 June $59.00 Call at $3.00

Position closed on 6/10/2024 at price of $3.00 with a 20.00% gain in 28 days.

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