I'm tempted to sell SOFI 2.25.22 expiration $11 strike puts for about $0.43, or about a 30% annualized ROR. But this is a very speculative stock in a sinking market, so I don't think I want to take the risk now. The -.18 delta indicates that there is an 18% chance that the stock will expire under $11 and be assigned (sold) to anyone who does this trade now.
SOFI is up about $2 to $15.855 despite this bearish article on SeekingAlpha.com: https://seekingalpha.com/article/4480541-sofi-stock-overvalued-fair-value
I'm tempted to sell SOFI 2.25.22 expiration $11 strike puts for about $0.43, or about a 30% annualized ROR. But this is a very speculative stock in a sinking market, so I don't think I want to take the risk now. The -.18 delta indicates that there is an 18% chance that the stock will expire under $11 and be assigned (sold) to anyone who does this trade now.
At 11 a.m. SOFI is off it's highs to $13.53, up 12% so far today. At least one analyst has raised his price target to $30. So far, the short squeeze expected by some hasn't really materialized. Quad 7 Capital at SeekingAlpha.com has a reasonable assessment of the stock. https://seekingalpha.com/article/4480247-sofi-bank-charter-gamechanger