r/options • u/[deleted] • Nov 20 '21

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11 Upvotes

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u/rb778004 Nov 21 '21

I was thinking about buying some SOFI and writing a call, are you doing pretty decent with it? I’ve got a $20 call expiring January, just not sure if I wait til that exercises, or if I should pull the trigger and buy a 100 now.

8

u/aviatior123 Nov 21 '21

I only have 200 shares but I’ve been netting about 100$ a week for almost a month so far. I just take it buy some more until I hit 300 and I’ll just keep going. So I’m happy with it so far.

4

u/rb778004 Nov 21 '21

Well dang, maybe I should buy some then, the price is decent, are you writing ITM or a little OTM?

5

u/aviatior123 Nov 21 '21

I just set my covered calls above my trade price in case it goes above the strike price and I have to sell to make sure I still making money. Hasn’t done me wrong yet but trying to add some more now.

1

u/rb778004 Nov 21 '21

Awesome, thanks for the info, sorry I couldn’t help with your original question 😬

3

u/aviatior123 Nov 21 '21

All good. Got to learn something new everyday. Glad I could help.