Buy SoFi Shares with a Covered Call Strategy Ahead of Earnings

3 months ago

"So what I would do is I would honestly just do covered calls. Like, literally just stick to like safe income. Do covered calls. Literally just go out like go out like one month. So, November 21st. Let me show you which like delta I would pick. For me, I think $35 is a really good return in in like 25 days, right? If that ends up going up, like a lot of you guys will make really ridiculous money in your portfolios and your wealth will like jump up very very much so. So, I would just go for like a 24 delta. Usually, I talk about 30 delta, but I think 24 delta is like more than fine because it's like look, the lower the delta, the less the chance, right? And when it comes to a covered call, you don't really want to sell too much of a close covered call in case the stock ends up running up. You want to leave yourself some room for upside."

The speaker explicitly recommends a trade call on SOFI by buying shares ahead of earnings and employing a covered call strategy with a $35 strike, using a 24 delta to hedge while leaving room for potential upside. The detailed options strategy is presented as a way to generate safe income and capitalize on anticipated explosive price action post-earnings.

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