Trade Call on SoFi Technologies (SOFI) Options Strategy

14 days ago

"And when it comes to SoFi, this is a company that's been in the prove it stage. Instead of buying it here, I want to be more patient. I'm going to utilize stock options and I'm going to sell a cash secured put, which is going to allow me the potential opportunity to buy shares lower, but I'm going to get paid to wait. Right now, I can sell the February 20th $26 put, and that would earn me roughly $115 in income per contract."

The speaker outlines a tactical options play for SoFi Technologies by selling a cash secured put at a $26 strike expiring on February 20th, aiming to generate income while potentially acquiring shares at a lower price.

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