$SoFi Technologies (SOFI.US)$
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StockPickingPoodle : I prefer to sell cash secured puts vs buying calls. I sold 31 puts on sofi for 7 strike on 8/21 if its 7 or below i have to buy . The benifit is they pay me 65 cents a share . so my buy at 7 is really 6.35 a share. every day the stocks stays near or at 7 they lose value and I gain.. ..so if on 8/21 stock is at 6.50 a share i still profited .15 cents a share.I then would sell 6.50 itm calls out 30 days an profit off owning ..
your the casino when you sell odds favor the seller.
TengTavis OP StockPickingPoodle : yes i agree, i was executed on my cash secured put at $7 strike so i decided to sell calls at $7 strike on the underlying stock that was obtained, even if sofi goes to $6, my premium i obtained so far will put me in the green