Sell Cash Secured Put for SoFi

5 days ago

Mark Rousen

"Stock number two is going to be SoFi Technologies, stock ticker SoFi. I would love to own the stock more at that mid $20 range. As such, I want to sell a cash secured put looking to enter this stock in the mid $20 range. So, here we go again. Let"s sell a cash secured put. And as you could see the option chain on your screen, we"re going to sell the November 21st $25 strike, which will give us around $1.20 in terms of premium, equating to $120 per contract."

The speaker presents a strategy for SoFi Technologies by using options to potentially enter the stock at a lower price. He plans to sell a cash secured put with a $25 strike expiring November 21st to generate income while waiting for a pullback into the mid $20 range.

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