SOFI Long
Weekly SMA20 bollinger band, plan to Long above SMA20, in up band.
Long 8
Stop 6.5
Target 15
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
plan#1
BuyToOpen Sep Call spread C10/15 (C10 Delta 0.44 )
Limit 0.96 -0.30 = 0.66
SellToOpen Sep Put P6 (Delta -0.2)
Limit 0.6
Cost "0", if price stays between 6.5 and 10, no loss.
stop at 6.5, may loss $1 x 100. max loss 600 if price down to $0.
plan#2
BuyToOpen 2025 Jan Call spread C10/17 (C10 Delta 0.51 )
Limit 1.44=0.44 = 1
SellToOpen 2025 Jan Put P5 x2 (Delta -0.14)
Limit 0.5 x2
Cost "0", if price stays between 5 and 10, no loss.
Willing to buy SOFI stock at 5, max loss 5 x 200 if price down to $0.
Long 8
Stop 6.5
Target 15
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
plan#1
BuyToOpen Sep Call spread C10/15 (C10 Delta 0.44 )
Limit 0.96 -0.30 = 0.66
SellToOpen Sep Put P6 (Delta -0.2)
Limit 0.6
Cost "0", if price stays between 6.5 and 10, no loss.
stop at 6.5, may loss $1 x 100. max loss 600 if price down to $0.
plan#2
BuyToOpen 2025 Jan Call spread C10/17 (C10 Delta 0.51 )
Limit 1.44=0.44 = 1
SellToOpen 2025 Jan Put P5 x2 (Delta -0.14)
Limit 0.5 x2
Cost "0", if price stays between 5 and 10, no loss.
Willing to buy SOFI stock at 5, max loss 5 x 200 if price down to $0.
Note
not entry yet. Price should above SMA20, $7.9, which is in the up trend Bollinger band.
one correction:
BuyToOpen 2025 Jan Call spread C10/17 (C10 Delta 0.51 )
Limit 1.44 - 0.44 = 1
Trade active
plan#1BuyToOpen Sep Call spread C10/15 (C10 Delta 0.44 )
Limit 0.72
SellToOpen Sep Put P6 (Delta -0.2)
Limit 0.57
Cost near "0", if price stays between 6.5 and 10, no loss.
stop at 6.5, may loss $1 x 100. max loss 600 if price down to $0 overnight.
Trade active
BuytoClose Sep Put P6 , Limit 0.54
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.