How a Simple Shopify Covered Call Made 1.4% in a Week

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Generate Weekly Income from Stocks with a Strategic Twist

What if you could make 1.4% in a week—without needing to predict the market’s every move? In a follow-up to his previous trade on Shopify (SHOP), investing coach Mark Yegge revisits the setup that earned traders up to $2,200 in profit using a simple covered call strategy. But the best part? There’s still opportunity to apply this income tactic right now.

In this article, we’ll walk you through how the trade worked, why it’s effective, and how you can replicate the process—even if you missed the first round.

Recap: The Trade That Worked

Roughly 10 days before this video, Mark pointed out a covered call opportunity on Shopify when it was trading around $113. He suggested selling in-the-money (ITM) 110 calls, projecting a gain of $2,200 if the stock closed above $110 by expiration.

Fast forward to now—Shopify is trading at $127, and the strategy worked perfectly.

Even if you didn’t act back then, the lesson is clear: income generation doesn’t require perfect market timing—it just requires a proven system.

The New Opportunity: SHOP Covered Call Setup

With SHOP now extended above its Bollinger Band, Mark suggests it may pull back toward the $120 level. So, how do you trade it conservatively while still locking in income?

Here’s the breakdown:

Buy SHOP at current price ($126.84)
Sell 124 Calls (in-the-money) expiring next week
Collect ~$1.70 per share in premium

This nets you 1.4% return in just 5 trading days. And here’s what makes it powerful:

Outcome	Result
SHOP closes above 124	You earn full profit (premium + price gain)
SHOP closes at 124	You keep the full $1.70 juice
SHOP closes below 124	You still keep the $1.70 and can repeat the trade

The risk? If SHOP falls significantly, you could incur paper losses—but even then, you’ve got a $3 cushion thanks to the in-the-money call.

Why This Strategy Works

This style of trading doesn’t rely on guessing the market. Instead, it focuses on what you can control:

Selecting strike prices that give downside protection
Collecting “juice” (extrinsic value) as weekly income
Repeating the process with consistency

And the returns? A 1.4% weekly ROI compounds into big results over time—especially when paired with synthetic strategies or margin efficiency.

Life-Improving Trading Tips

Transform your portfolio—and your peace of mind—with these trading lessons:

Stop relying on hope. Income trading gives you control, not wishful thinking.
Don’t chase stocks. Let volatility and pricing come to you.
Start small, think long. You don’t need to “go big”—you just need to be consistent.
Stick to systems. Results come from following rules, not reacting emotionally.

FAQs

Q: What if SHOP drops below $124?
You still keep the $1.70 in premium, which reduces your effective purchase price. If it drops further, you can roll or adjust the position.

Q: Can I do this in an IRA account?
Yes, as long as your brokerage allows covered calls. Synthetic setups may require margin and wouldn’t qualify.

Q: Why not go out-of-the-money (OTM)?
In-the-money calls provide more downside cushion and increase your probability of profit—especially in volatile or extended markets.

Call to Action

Ready to stop hoping and start earning?
Join Mark Yegge LIVE at the Wealth Accelerator event from September 26–28 in Clearwater, Florida. Learn hands-on how to build your own Cash Flow Machine, master the Juice Calculator, and walk away with your own personalized trading plan.

Grab your early bird ticket now—limited spots available!

Get your Wealth Accelerator ticket

Conclusion

Mark Yegge’s covered call follow-up on Shopify highlights just how powerful it is to trade with intention—not emotion. Whether you missed the original trade or are new to this approach, this follow-up trade still presents an attractive opportunity.

The key takeaway? You don’t need to predict stock movements to profit—you just need a repeatable strategy that lets the market pay you week after week.

How a Simple Shopify Covered Call Made 1.4% in a Week

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