I opened $SOFI 20240621 6.5 PUT$  ,SoFI: collect 2.45% premium by selling cash secured puts on SoFI. The strike price was lowered to $6.50 and expiry on 21st June which is 29 days away and capitalise on a down day on SoFi when it breaches $7 support and closed at $6.83 on 23rd May. Moving forward, will consider $6.5 as new support as the $7 support line gets weaker with multiple breaches in recent weeks. Continue to be bullish on SoFi based on growth and moving into profitability which is critical for a tech and banking stocks.
Trading Order
SymbolSidePriceFilled time
SOFI PUT
US20240621 6.5
Sell
Open
0.162024-05-2402:19:51
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  • $6.5 as new support, got it

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