Options Strategy for SoFi Technologies (SOFI)

19 days ago

Mark Rousen

"And that's going to bring us to stock number two, which is going to be SoFi Technologies, stock ticker Sofi. It has had a phenomenal run, but I would like to buy it just say 15% lower if we do get some volatility over the next month or so. So for me, I'm going to take the approach from an options strategy looking to generate income with the hopes of buying a stock that I want to buy at a price that I want to buy it at. I like the $23 level for SoFi. By selling the $23 put with an expiration date of November 21st, I could collect $1.25 per contract."

The speaker outlines an options strategy for SoFi Technologies (SOFI), preferring to sell cash-secured puts at a $23 strike price to generate income and potentially acquire the stock at a lower price.

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