$SoFi Technologies (SOFI.US)$ as I suggested yesterday to ev...
$SoFi Technologies(SOFI.US$ as I suggested yesterday to everybody the only way that I would play this company is by selling puts and collecting the premium so what does that mean. four times a month this company has options that expire at Friday at 4:00 p.m. right now it's holding just above $7 and you can sell it Friday $7 put for 20 cents right now per contract each contract is 100 shares so if he sells 10 contracts you collect $200 if you buy the stock right now you own it at $7, 080. come Friday at 4:00 p.m. if the stock is above $7 you're not going to get exercise and you keep the premiums. so let's suppose you do that four times in the next 4 weeks you've made $800 well everybody else is just sitting owning the stock making nothing now if you're able to do that for several months say four months you've made 3,200. the person that bought it out right they've made nothing.. the reality is you're probably going to get put the stock at some point in time in which case I would immediately turn around when you're at a penny or two pennies profit and sell the stock repeat the process of selling a put and collecting the premium because I think there's probably more upside doing that cumulatively than there is by owning the stock for the next few months.
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Shroomie : just buy 200000 shares and start the squeeze
Shroomie : then you could sell puts and make passive income 4 times a month
Travelforfreedom Shroomie: How
Shroomie Travelforfreedom: by selling Put options
Shogun80 : Just make sure price don’t dip below $7 on your expiry date. Risky. 6.50 strike price safer.
Travelforfreedom Shroomie: Not experience in options
10baggerbammOP Shogun80: there's no premium in a 6:50 not for one week time frame and as far as risk you're totally incorrect because you have greater risk by owning the stock then you do by the option. if you buy the stock right here 1000 shares you're in it for $7,080 your risk is the stock goes to zero you lose 7,080 if you sell a $7 put and you get put the stock you're going to collect $200 you put it at $7 which is $7,000 so your risk is $6,800 assuming the stock goes to zero so you don't know what you're talking about if you don't understand options don't comment
Travelforfreedom 10baggerbammOP: Wow genius on options
Travelforfreedom 10baggerbammOP: How can I learn from you?
Shogun80 10baggerbammOP: Who says there are no put options for Sofi at 6.50 every week? I have 2000 shares with XPEV and sold covered calls for my position. Even if you own shares, you can still sell covered calls to collect the premium.
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