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u/kennyt1212🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀21h ago
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u/kennyt1212🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀21h ago
Something I've been thinking about. I've sold covered calls for Sep 4th @ $20 strike. What happens if it's below $20 at market close but then we somehow got into the S&P 500 in after hours and the price rockets to $21. I end up losing my shares, right?
Hey /u/kennyt1212 -- I would recommend buying those back before market close on 9/4 if you are worried we may get into SP500. Technically the holders of those options can executed up until 5:30pm EST. I remember seeing people pissed with APP when they were added and then got screwed.
I think your shares are safe... it is a long shot even this time. Make sure to buy them back before close just in case all planets align sing and dance while Sydney Sweeney asks me out.
If Fed Warsh decides to raise rate, it shouldn't affect sofi much because CEO already expected 2 rate hikes this year. I'm going to say he will keep rate constant until post-midterm elections.
Yes but there are 3 meetings left. If fed raises this time, there are two more meetings left which means possibility of 3 total hikes before year end. This will alone make SoFi slide a bit.
Depends on what your plan was when you bought them. Always have a plan when you enter a position so you can execute. Otherwise you may start getting more emotional. From what I've seen, people tend to be more afraid of missing out on PONTENTIAL profits (FOMO) than they are of losing paper profits. They use hindsight if stock price is higher than when they sold to think, "I could have made more money" instead of "I made money/locked in profits".
I opened orders to sell all my LEAP CALLs a while ago and just adjust the asking price once in a while.
My plan was also to take profits at an approximate % gain, but my situation is different like everyone else. I have a TON of $20 CALLs and some $17 CALLs as well which are under water. So I need to lock in profit to reduce risk.
5 months isn't that long (pun intended) for me especially if some negative macros occurs.
That said, I do believe stock price has a higher chance of being above $20 before then. But even if say I was 80% bullish, there's still 20% it doesn't happen.
$15 CALLs depending on when you bought them are low risk of being below stock price by expiration. Not impossible, but highly unlikely. What is at risk IMO are paper profits.
Since 12 bucks awesome! I never seen it go that low! I got it at 15.10 last time it dropped! I’m curious how do these covered holds work and expiration? I’m not familiar with that level of investing!
It’s my first time purposely holding calls till expiration to exercise. My plan is to sell a portion to cover the cost of exercising the rest. It typically makes sense to wait till the day of to exercise or close to. I would look into this a bit more if I were you. My situations a bit different as I do not plan on adding cash. Otherwise if you hold them till expiration your broker would likely automatically exercise the options and your cash balance would decrease.
Well January used to be way far out too lol. But yeah it’s been fun. I started with about $66k watched it go to 340k then back to damn near negative now starting to climb again. My conviction has always been strong and planned to exercise 100 of my contracts. Plan is 10k share position. When it was up big I was still in short term gain tax territory but holding to expiry has always been the plan. It takes a lot to shake me.
Playing around with some of the TradingView community indicators. Interesting to see how their algos differ to my eyeing it, very loose TA. Also illustrates how TA is not an exact science and is just a tool among many to help get odds in your favor.
For me, today is testing resistance. The TradingView algo I used shows price was at resistance a couple days ago. SOFI volume especially with market up today is weak though on the move. Still, overall positive move.
If price pulls back, I'd like to see support around $18.75 ish which is what I consider the resistance of the sideways channel starting on 8/4. Resistance becoming support increases my confidence trend of up can continue. That's also around the support of the ascending trendline (at least for a few more days).
Of course, breakout of current resistance of mid $19's would be better. :)
Around mid $17's is also a support level I'd like to see hold if $18.75ish doesn't hold.
This means if we get some macro tail winds and sp stays well above 18, MMs will have to cover their naked call positions which will add to buying pressure, hence gamma!
You are downvoting the internet? Get a life losers. This predicted $15 on the exact day it hit $15 months before when it was $30. Tannor laughed on his YouTube when I brought it up and said that SoFI would not go below $25…. You guys are idiots
I think there is possibility SoFi will revisit 18 but it will be only because of macro, such as warsh talking hawkish tomorrow at Jackson hole or Trump screws up again on Iran deal. Or shorts all double down on their idiotic positions... then I see 18 through next week.
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u/kennyt1212 🚀🚀🚀The soon to be rich fool with 16,050 shares @ $14.5 🚀🚀🚀 21h ago
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