I opened $SOFI 20240510 6.5 PU

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I opened $SOFI 20240510 6.5 PUT$ ,SOFI: sold new sets of cash secured puts on SOFI with lowered strike of $6.5 and expiring on 10th May about 25 days away. Premium collection will be about 4.45% during this period. SOFI is currently on the low side of my trading range and very neat the support of $7 ahead of its Q1 earnings on 29th April. Set the strike lower at $6.5 to give self wider margin should stock come further under pressure during earnings. I have few other sets of CSP on SOFI around $7 so those will 1st get impacted when this scenario realised. If SOFI earnings and forecast are good, then it should bounced out the $7 support level if the general market don’t crumple hard.

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If SOFI earnings and forecast are good, then it should bounced out the $7 support level if the general market don’t crumple hard.</body></html>","htmlText":"<html><head></head><body>I opened <a href=\"https://ttm.financial/OPT/SOFI 20240510 6.5 PUT\">$SOFI 20240510 6.5 PUT$&nbsp;</a> ,SOFI: sold new sets of cash secured puts on SOFI with lowered strike of $6.5 and expiring on 10th May about 25 days away. Premium collection will be about 4.45% during this period. SOFI is currently on the low side of my trading range and very neat the support of $7 ahead of its Q1 earnings on 29th April. Set the strike lower at $6.5 to give self wider margin should stock come further under pressure during earnings. I have few other sets of CSP on SOFI around $7 so those will 1st get impacted when this scenario realised. If SOFI earnings and forecast are good, then it should bounced out the $7 support level if the general market don’t crumple hard.</body></html>","text":"I opened $SOFI 20240510 6.5 PUT$ ,SOFI: sold new sets of cash secured puts on SOFI with lowered strike of $6.5 and expiring on 10th May about 25 days away. Premium collection will be about 4.45% during this period. SOFI is currently on the low side of my trading range and very neat the support of $7 ahead of its Q1 earnings on 29th April. Set the strike lower at $6.5 to give self wider margin should stock come further under pressure during earnings. I have few other sets of CSP on SOFI around $7 so those will 1st get impacted when this scenario realised. If SOFI earnings and forecast are good, then it should bounced out the $7 support level if the general market don’t crumple hard.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/295934553575760","repostId":0,"isVote":1,"tweetType":1,"viewCount":1137,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SOFI 20240510 6.5 PUT","SOFI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":["订单分享帖"],"commentAndTweetFlag":false,"upFlag":false,"length":535,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}