Options Entry Strategy on SoFi via Staggered Puts

3 days ago

"So right now, I would be willing to get in to this stock for $26, which would be right here. This would be a very good average price to have on SoFi between 25 and 26. So, if we want an average price of 25 to 26, then we could potentially sell a 27 and get enough premium to give us that average price. Me personally, I think there could be a little bit of downside, but I think it is going to run. So, what I'm going to do is I'm going to stagger my setup. I'm going to sell a $27 put. I'm going to sell some 27 puts, and I'm also going to sell some $26 puts. I'm going to split them in half. This way, our average is going to be between the two."

The speaker outlines a specific trade setup on SoFi using a wheel strategy that involves selling staggered put options at $26 and $27 to achieve an average entry price between 25 and 26. He indicates a bullish view on the stock, expecting it to run higher despite minor downside risk, and details the plan to collect premium while building a favorable entry position.

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