Looking to start a position in $SoFI. Specifically to do some options wheeling for some #CaiFanMoney.
SOFI PUT
09-29 22:29
US20251031 25.0
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 1.24 20Lot(s) | -- Closed |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
11
Report
Login to post

What I'm doing here is the options wheeling strategy, whereby if I get assigned, I will sell covered calls instead. Based on TA, should expect support at $24-25 area, which is my strike price.
This allows me to get a 4.8% returns in premium in 31 days. Good #CaiFanMoney for me.
What do you think?