$SoFi Technologies Inc.(SOFI)$ so how have I done it? and annual RoR of over 1300%. Well you will notice in the third pic that returns on a monthly basis are mixed. I joined tiger in March this year, and started learning how to trade options on the demo account. I spent the first two months just learning options trading and the tiger platform, hence negligible returns. then I started trading options and bam! Some fantastic months, and some not so much. But overall insane.
But what am I doing, and why don't I spank it every month? Well a lot of the time I am setting up trades that will be lucrative at some point, but not this month. How do I know they will be lucrative? Because I spend all my spare time researching companies that are going to grow exponentially. I look at them, how good they are, and what they are going to accomplish in the near and long term. $SoFi Technologies Inc.(SOFI)$ Is one $Rocket Lab USA, Inc.(RKLB)$ is another. There are a few others I'm setting up atm, but I'm Picking you just want me to get to the point... how have I made this much with so little to start with.
Oh if this post was about me making money off you by selling a course on making money... well sorry that's not me.
So, first, I know the stock will go up
Second I buy 1 share in the stock, just so it's easier to track, and I have money in the game. But I only by 1 share.
Then I buy 3 long call options in the stock at least 6 months out, but at different intervals. That was in the beginning, now I have the money to buy 15 calls at a time. Why do I go long, not short? Because what I truly believe will happen may not eventuate in the short term.
Fourth, I wait... and wait, until the options go up enough that I can sell one or two of them... and the third option I excise with the money made from selling the first one or two options.
So I had one share of the stock but now I have 101 shares in the stock and some money left over to buy more options. And I now have more liquidity, so I can leverage. and also take a little bit of money out to pay a bill or two. Soon all the money I invest will not be mine, just playing with the profits, that's the plan anyway.
Is this strategy risky? Of course it is. Way more risky than buying gold and hiding it under your mattress. Btw the first pic is well actually me with 10 shares of sofi, 15% up. But today I sold two sofi options, and excised one option. That 15% will go over 100% I think with the profit on selling but I have to wait til the excise ticks over. I will update you all my friends when i crunch the final numbers.
Next week I can likely sell one Rklb option and excise another Rklb option, today Rklb was off a little, so I'll wait... and I'm running out of juicy $5 2026 and 2027 calls...
but anyway that's how I've done it, and yes now the markets are in full bull mode up til Christmas, shorts have their balls in a vice, so don't short:)
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