Sell a $26 Put Option on SOFI Using the Wheel Strategy

29 days ago

"So, I'm going to go to sell put option and I'm going to go for 30 days out roughly. Okay, 35 days in this expiration December 19. I personally love traditional expirations. Traditional expirations are the third Friday of every single month. Now, this expiry right here is going to be roughly one month out. And as you can see here, the premiums for SoFi are really nice. So, I'm going to expand the $26 put option here."

The speaker outlines an actionable trade call by recommending a sell put option on SOFI at a $26 strike. The trade is structured with an approximate 35-day expiration as part of the wheel strategy to buy the stock at a discounted price while generating premium income.

Related Stocks