I wish we were up in the 20s and 30s like my friend Mr. Matterport (MTTR) but alas we can't all super cool and tied in with Meta...yet. How are you going to play the downside? My potential returns on covered calls would be invested in the discounted paper. I know selling covered calls isn't a great idea here in the 14-19.99 range in this volatile market, but DrDan must have more Sofi stat. If I'm going to payback these student loans to Sofi, I better figure out a way to make it happen. 10$ per hour resident salary is not doing it for me :) It's all love though. What's your plan?
Sell covered calls when the stock price gets to $17.50 - 18.50 range for a strike price of $13. Exp Late Dec or Jan. Pray to all holy cows that bank charter happens before or after this little adventure begins or ends.
Trade closed: target reached
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I didn't want it to work out, but it did. Hope this is the bottom.