I opened $SOFI 20240524 7.0 PUT$ ,SoFI: sold cash secured puts on SoFI right after earnings. The strike was still maintained at $7 which makes the delta high at around 0.45 when sold these puts as current market price was around $7.10. Premium from these puts were 5.1%. SoFI announced its earning on 29th April pre market and beat the Q1 estimates but provided a weaker Q2 outlook. As of now, the stock is down 10%. The $7 support is still holding for now, but could be breached anytime if investors or general market turned more bearish. For now, I continue to lean on the $7 support as guide for my sold puts. I’m focusing on the fact that SoFi had now turned from an unprofitable tech stock to making profits 2 quarters in a row. This is exciting news as many new tech never made profit because their cash burned out.Trading OrderSymbol | Side | Price | Filled time |
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| Sell Open | 0.36 | 2024-04-2922:50:44 |
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Thanks for sharing 😁