Terra Incognita
05-04
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.
SOFI
05-04 14:42
USSoFi Technologies Inc.
SidePriceRealized P&L
Buy
Open
7.00+120.29%
Holding
SoFi Technologies Inc.
Trade Feed: Who is your favorite star traders?
Come to the Trade Feed Topic to find more trading opportunities! Also, please feel free to recommend and introduce fellow Tigers to the "hidden gem traders" that you've discovered!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • ShibaMiyuki
    05-05
    ShibaMiyuki
    Thanks for sharing, I have also been selling cash covered puts for SOFI. Will hold on for long term! [Serious]
  • twixzy
    05-05
    twixzy
    It's interesting that you chose to accumulate this stock over AMD.
  • bubblyx
    05-05
    bubblyx
    You seem to have a solid strategy with SoFi.
  • jethro
    05-05
    jethro

    Thanks for sharing 🙏 

  • jethro
    05-05
    jethro

    Thanks for sharing 🙏 

  • Jh1234567
    05-06
    Jh1234567

    Great article, would you like to share it?

Leave a comment
18
1148