SoFI: collect $1376 (1.35%) premium on these short puts with strike at $23.
Contracts expires on 3 weeks on 26th Sept.
SoFI price continue to consolidate around the $25 mark and is now trading at $25.65 at writing.
Decided to sell new puts to maintain exposure but with higher strike of $23 to maintain an acceptable level of premium with the amount of risk taken.
The higher SoFI gets, the higher the chances of a potential pull back.
Consolidating at around $25 before moving higher is an acceptable outcome for the trade as $23 strike is nearer to 40 EMA line as support and it had not been touched since May.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.32 43Lot(s) | -- Closed |
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- DeltaDrift·09-10That’s a decent amount of premium[Happy]LikeReport
- Maria_yy·09-10Great strategy! Loving that strike choice! 😍💰LikeReport
