Sell Put Option Trade Call on SOFI

2 days ago

"Next trade I'm going to make is SoFi stock. I like SoFi stock a lot. I've been invested in it for a very long time, preaching about getting into SoFi at a 9 billion valuation and saying it's going to be a 30 billion company. Right now, it's down 13%, which makes it a great candidate for selling puts. I would love to own it at 25. Heck, I'm happy to own it at 26. So, you see I sell put option right here, 26. That is going to be another massive return."

The trader is executing a put-selling strategy on SoFi (SOFI) after noting a 13% drop. He emphasizes his long-term bullish view by stating a preference to own the stock at 25-26, thereby taking advantage of the discount and generating premium income.

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