Strong Opportunity on SoFi: Sell Put Options to Run the Wheel Strategy

2 months ago

"SoFi is a great business and I'm proud to have it and I'm proud that I've recommended this stock for a very long time. Right now on the pullback, it is presenting a very strong opportunity to sell put options and to run the wheel strategy on SoFi right now. That's one of my best plays, as it allows you to get further into the stock at a discounted price while generating income."

The speaker expresses a long-held bullish view on SoFi and identifies the current market pullback as an optimal time to sell put options as part of a wheel strategy. The actionable recommendation focuses on entering SoFi at a discount while protecting capital and generating premium income.

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