I first picked up SOFI shares during April’s market sell-off, but they were later called away when my covered calls went in-the-money after a strong rally a few months later.
Since then, I’ve tried re-entering through CSPs, but the plan didn’t quite pan out as SOFI kept climbing — too strong for my lower strikes. I decided to take a step back and wait for a cool-off, but the cool-off never really came. The stock recently hit a new high of $30.30.
With the recent pullback, I’ve started selling CSPs again. While my ideal re-entry point is around $22, the stock continues to hold well above its 50-EMA, so I’ve been a bit more flexible — opening new positions at $25 instead. This week’s contracts expired worthless as SOFI stayed comfortably above the strike.
Looking ahead, all eyes are on the renewed tariff headlines. We’ll see whether the market takes another leg down or if US-China talks calm things down. Either way, I’ll be watching for new setups to sell into any short-term weakness.
| Side | Price | Realized P&L |
|---|---|---|
| Buy Close | 0.00 | +100.00% Closed |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- AbnerKeppel·2025-10-12You've been very strategic with your approach.LikeReport