SOFI Sell Put Update

This SOFI sell put is now in the money, and I’m totally fine with that.
Strike price 28, premium collected 1.20, which brings my average cost down to 26.8.
With SOFI currently trading around 27.x, this is well within my planned range.

This is exactly why I prefer selling puts on stocks I’m comfortable owning.
Once assigned, I don’t panic or rush to “fix” anything — I simply move to the next step.

👉 Wheel Strategy in action

After assignment, I’ll start selling covered calls on the shares.
The goal isn’t to time the top or squeeze every last cent, but to:
• Continue earning premium
• Lower my effective cost over time
• Generate steady, repeatable income

If the shares get called away, great — profit locked in.
If not, I keep collecting premium and repeat the process.

I’m not chasing high returns or fast money.
I’m focusing on risk control, consistency, and staying emotionally stable while letting time work in my favor.

Small account, clear rules, realistic expectations.
Trade within your comfort zone — that’s how you stay in the game long term. 📈

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KokCL : what is the duration you usually looking at for the sell put option?
thank you

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Noobie27 : How many shares do you own and whats the duration of the put?

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