I opened $SOFI 20240517 7.0 PUT$  ,SOFI: sold new sets of cash secured Put on SoFi with strike price of $7 and contract expiry in 24 days on 17th May. Target premium collection is 4.85%. Premium IV is high as earnings is on 29th Apr and I’m positive for positive bias for the stock after its last quarter earnings popped to >$9 only to give back all days after. I have quite few sets of SOFI CSP so I’ll most likely de-risk by buying some at $7 should it came below the strike price as well as rolling out those I won’t want to keep.
Trading Order
SymbolSidePriceFilled time
SOFI PUT
US20240517 7.0
Sell
Open
0.342024-04-2323:28:33
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  • FrankCollins
    ·04-24
    TOP
    Sounds like you have a strategy with SoFi.
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  • JeromeErnest
    ·04-24
    TOP

    SOFI gonna stay at 7 for maybe 2 month

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