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.

Komentar:

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 aktif:

plan#1
BuyToOpen 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 aktif:

BuytoClose Sep Put P6 , Limit 0.54