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NaughtyPines
Jul 23, 2021 2:40 PM

Opening (IRA): SOFI September 17th 15 Short Put Long

SoFi Technologies, Inc.NASDAQ

Description

... for a 1.70 credit.

Notes: I already have a two lot of covered calls on, but want to take advantage of high implied volatility here to potentially add at support. As usual, I'm fine with taking on additional shares, particular where the cost basis would be 15 - 1.70 or 13.30/share. 12.78% ROC at max as a function of notional risk.
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