To The Moon

**Trading Recap: Strategic Moves on SPYG, PLTR, and SOFI Options**

In my latest trading session on September 17, 2024, I made several calculated moves across multiple positions. Here’s a breakdown of the strategy behind these trades and why I chose them:

### Fractional Share Purchases of SPYG and PLTR

I bought fractional shares of **SPDR Portfolio S&P 500 Growth ETF (SPYG)** and **Palantir Technologies (PLTR)**. SPYG has been a core part of my portfolio due to its exposure to growth-oriented U.S. companies, giving me solid long-term growth potential. Meanwhile, I also purchased fractional shares of Palantir, a stock I regularly trade due to its strong presence in AI and data analytics, which aligns with my belief in the future of AI technology.

### Selling Put Options on SOFI and PLTR

I sold a **SOFI PUT** with a strike price of **$7.50 expiring on October 25, 2024** for a premium of **$0.24**. My confidence in SoFi stems from its innovative financial solutions for the millennial demographic and its potential for future growth. By selling a put at this strike, I’m signaling that I am comfortable buying SoFi shares at $7.50, should it fall to that level, while collecting premium income for the time being.

Similarly, I sold a **PLTR PUT with a $31 strike expiring on October 18, 2024**, earning a premium of **$0.30**. I remain bullish on Palantir and am willing to accumulate more shares at this level if assigned. I regularly use PLTR options to generate consistent income, balancing both short- and long-term plays.

### Buyback of SOFI and PLTR Put Contracts at Lower Prices

I bought back **previously sold SOFI PUT and PLTR PUT contracts** at lower prices, locking in profits. I purchased a **SOFI PUT with a strike of $7.50 expiring on September 27, 2024** for **$0.11** and a **PLTR PUT with a $30 strike expiring on October 4, 2024**, for **$0.10**. These buybacks allow me to close these positions at a lower price than initially sold, pocketing the difference as profit.

### Conclusion: A Profitable, Balanced Approach

The combination of fractional share purchases and selling puts on SOFI and PLTR is part of my ongoing strategy to generate consistent premium income while positioning myself to acquire shares at attractive levels. By selling puts at higher prices and buying them back lower, I maximize my profits while managing risk. As always, I remain cautiously optimistic, adjusting my portfolio according to market conditions while keeping an eye on long-term growth opportunities. $SoFi Technologies Inc.(SOFI)$ 

@MillionaireTiger 

@CaptainTiger 

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