IPOE long calls + protective putsSOFI+IPOE merger is on June 1, around 7 trading days. Past SPAC behavior has always dipped after merger but we will see if this can hold the price above $18.5 and $19.5 on the day of merger date. I have high exposure on this security and i will be getting a full hedge incase of a sell off. What do you guys think?
20x 17.5 October calls , 3x 15 October calls, 5x 17.5 June calls. Protective puts will be placed within the next few trading days.
I would prefer to trade this stock days after the ticker change to $Sofi.
Sofi
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Possible IPOE Entry 19.20$-18$IPOE looking for a possible retracement in March up to 24.70$ (28%+ Upside) with strong resistance at 21$. Price action might be heavily variable due to IPOE & Sofi merging this month, negative sentiment in the SPAC market right now, and the possible ripple effect from Clover Health's SEC investigation. This is not financial advice, I am not advocating the buying or selling of IPOE stock.
Accumulation phase. 150% - 300% potential after SOFI Merger dateCurrently holding a long position. Support is at $22 and $18. I am expecting a huge rally after SOFI merger date is released. We are still in an uptrend.
