SoFI: collect 3.45% premium from these cash secured put with strike at $9.5.
Contracts expire in 3 weeks on 28th Mar.
SoFI continue to sell off amidst analysts downgrades, bearish market sentiments, fear of a US recession and multitude of other reasons.
However, most of those news didn't suppose to impact SoFI except a potential recession where workers might not be able to service their debt and default from their loans.
This is still a far away scenario and I think market will swing wildly a few more times before this even happens.
I'll take my bet for a swing up on this trade and take short term profits.
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