Option Strategies: ARCH& SOFI
Hello everyone! Today i want to share some option strategies with you!
1.
Institutional ownership still looking strong for $SoFi Technologies Inc.(SOFI)$ .
Support building here around 21.
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2.
$Arch Resources Inc.(ARCH)$ Well ... followed what the FinTwit community voted on and held our ACHR position through earnings. Will not be surprised if it dumps more in pre-market and at open tomorrow. 😬
That said, wrote naked calls (Aug 15 expiry, 14 call strike) on top of our covered calls. Will close the naked calls out tomorrow for profit and roll down our covered calls.
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