Options idea for 2 great stocks:- Enphase (ENPH) and SoFi (SOFI).
Lately Enphase, a leading solar company in US, has its stock price fell nearer to its 9 months low. Offers a good entry price for a long term play. I have acquire 500 shares through options at 85.0 and since the earning fall, it has hover at around 81-83+ range. For premium and shares acquisition play, one can open puts at 79 or 80.0 strike with 3+ dollars premium in 2 weeks. While I also open covered calls at 97.0 strike at around 1 dollar premium. Enphase can trend back its 100.0 range when market recover, even last night SP500 downtrend, it remains stable.
SoFi has defy the bearish trend holding well at its current price, trend projected to be bullish and expected to beat earnings again in Q4, selling puts at 10.0 or even 10.5 into Jan 2025 has premium of 0.50+ and if even hit strikes, it offers a very good long term share price point of entry.
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