Overview On July 5, 2024, I entered into a vertical put option strategy for SoFi Technologies, Inc., by selling five put options at a strike price of $6 and simultaneously buying five put options at a strike price of $5, with an expiration date of August 16, 2024. For each contract, I collected an option premium of $22. This strategy reflects my short-term outlook on SOFI’s stock performance amidst a turbulent market environment. Background on SoFi Technologies SoFi began as a company specializing in refinancing loans but has since diversified its operations into three main segments: lending, financial services, and a technology platform. The lending segment includes student, personal, and home loans, while the financial services and technology platform segments represent newer areas of gr
Single-leg vs. Multi-leg: Which one is for you?
Have you ever found yourself stuck between single-leg and multi-leg options strategies? Single-leg options may be appropriate for when there are clearer market trends, while multi-leg strategies, like vertical spreads, can be handy when the market's got you second-guessing. --------------------------------------------------------------- Curious? Confused? Or utilized these strategies already? How do you decide between single-leg and multi-leg strategies? Which one do you use more frequently?
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