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Barchart
Barchart
Mark R. Hake, CFA

Shopify Looks Cheap Based on Its FCF, and Shorting OTM Puts is a Good Way to Buy In

SHOP OTM Shopify Inc

Shopify Inc. (SHOP) reported higher revenue and strong FCF margins on May 8. But SHOP stock is down on market disappointment. That gives a cheap entry point for value investors, especially by shorting out-of-the-money (OTM) put options.

SHOP stock is trading at $58.32 in midday trading on Friday, May 17. This is down 24.5% from a recent peak of $77.37 on May 6 before the earnings release.

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