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+55.58%
Holding
SoFi Technologies Inc.
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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?

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