$SoFi Technologies (SOFI.US)$ it's been a huge percent gain ...
$SoFi Technologies(SOFI.US$ it's been a huge percent gain in a few days and my suggestion to people is to sell some cover calls sell the $8 strike because I think we're going to have some consolidation. brake cuts obviously are going to benefit significantly but maybe that comes in September maybe it doesn't if we have any bad economic data that shows inflation spiked again maybe consumer spending is up because of Amazon day right prime day which can skew information excuse data we're going to have a market sell off a significant one so if you want to continue owning the company that's fine but my suggestion is to sell some calls to collect the premium that's available to you don't go out to far. but I think this is the best tactical approach right now in this company
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
1030Followers
12Following
7531Visitors
Follow
73173361 : September cut is pretty much 100% priced in. Placing a Put to hedge is a good step to protect profits.
10baggerbamm OP 73173361 : there's always more ways to cut a pizza or slice of pie or whatever analogy. if you buy a put you have a net cash outlay so if the stock stays the same or goes higher you've increased your cost basis of any company because you've incurred a loss. if you sell a covered call you are guaranteed to collect that premium the risk is the stock trades higher it goes through the strike and it's called away on expiration date and I know it could be called away prior to but in many many decades of doing this I've only seen that on rare occasions where somebody exercises prior to the expiration date. so that's why I put forth selling a covered call as opposed to buying a put if you believe the stocks going to fall why own it ? sell it and just revisit it at a lower price point.