Executing a SoFi Wheel Strategy via Staggered Put Sales

29 days ago

"I'm going to show you exactly what I'm doing on SoFi right now. I'm doing a staggered setup and this is what I recommend you do as well. I am selling put options on SoFi right below this most recent. I'm selling a few 26s and then I am selling a lot of 27s already which is right there. So for every three options that I'm selling at 26, I'm selling seven at 27, which is going to give me an average around 2670 minus premium."

The speaker outlines a wheel strategy trade on SOFI by selling staggered put options at strike prices of 26 and 27 to generate premium income and achieve a favorable average cost basis. The detailed instructions are aimed at capturing consistent income while positioning for assignment and subsequent call selling when the stock moves upward.

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