SoFI: collect 2.9% premium on these covered calls with strike at $15.
Contract expires in 3 weeks on 16th May.
These calls were sold a day before earnings so IV were good. Since these are sold calls, they should be considered as bearish bias.
However, i treat this only as premium collection and calls were sold with strike price higher than my average holding cost, so I would have made gains as long as SoFI maintain at current levels or move higher after earnings.
Update 29th April, true enough SoFI Earning beats and also raise its forecast for next quarter and is up about 4% and trades around $13.7 as of writing.
Despite price action is going up, the sold calls are still earning due to IV crush which is an ideal situation for me.
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