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Apollo_CB
Jan 23, 2024 12:59 AM

Sofi volatility into earnings Long

SoFi Technologies, Inc.NASDAQ

Description

Next monday is a huge day for Sofi investors, the first GAAP profitable quarter is expected to be announced and the stock could rip or dip on the news. I am a sofi bull and was all last year and am heavily positioned into this setup. This volatility only makes options more lucrative as the Vega on these calls is insane. I chose the June 10$ strike to have some safety from theta decay, its a position I can slowly layer out of over months if SOFI doesnt give me a 30+% daily candle. Either way I will be taking massive profits if we get a god candle but will ride my spot shares hopefully for years to come.
Comments
phreum
What exactly is a God candle? It sounds awesome, just wondering exactly what that might be...
Apollo_CB
@phreum, aka the green dildo candle, just a huge candle on the selected timeframe, id say anything over 10% move.
Desi_Dalal
@Apollo_CB, I wanna see the dildo lol
Apollo_CB
@Desi_Dalal, Same , it would make me a ton of money haha
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