I opened $SoFi Technologies Inc.(SOFI)$  ,SoFI: Bought in SoFi at $7 as part of getting assigned after the covered puts I sold went into the money and expired on 3rd May. SoFi closed at $6.96 at closing and I was ok with it. For weeks I’ve been selling SoFi at support $7 and this week it finally went as low as $6.61 before ending at $6.96 at closing. I’ve collected $0.36 premium from the options so $0.04 in the money meant I’m still profitable for $0.32 which translate to 4.55% premium collection over 25 days. Will turn to sell covered call on these newly acquired stocks. Earnings on 29th April were good, company was profitable for the 2nd Quarter in a row, however Mr. Market don’t like this company at its current state. Only time will tell I’m right or wrong and I have voted with my convictions by choosing to accumulate this stock over AMD with my cash.
Trading Order
SymbolSidePriceFilled time
SoFi Technologies Inc.
USSOFI
Buy
Open
7.02024-05-0414:42:16
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  • shiroyuki4ba
    ·05-05
    TOP
    Thanks for sharing, I have also been selling cash covered puts for SOFI. Will hold on for long term! [Serious]
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  • MayGodwin
    ·05-05
    TOP
    It's interesting that you chose to accumulate this stock over AMD.
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  • XantheJuliana
    ·05-05
    TOP
    You seem to have a solid strategy with SoFi.
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  • jethro
    ·05-05

    Thanks for sharing 🙏 

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  • jethro
    ·05-05

    Thanks for sharing 🙏 

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  • Jh1234567
    ·05-06

    Great article, would you like to share it?

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  • Sonsonkok
    ·05-06

    Great article, would you like to share it?

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  • BCbcbc
    ·05-06

    Great article, would you like to share it?

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  • xnegate
    ·05-06
    Great article, would you like to share it?
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  • 梓坚
    ·05-06
    👍👍
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  • Tom Chow
    ·05-05
    good
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  • Nggimseng
    ·05-05
    Nice
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  • Nggimseng
    ·05-05
    Nice
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  • KSR
    ·05-05
    👍
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