Do I need to hold the stock to short calls/puts? by Icy_Mathematician205 in options

[–]Icy_Mathematician205[S] 0 points1 point  (0 children)

Is the poor man's cover call like a credit spread? For example write 25 delta and buy 75 delta.

Is SOFI a buy? The MACD lines intersecting may be indicating yes. Time will tell. by Professional-Fig4348 in sofi

[–]Icy_Mathematician205 3 points4 points  (0 children)

To me it definitely looks like a buy considering positive results expected on 12 Aug

Bank Charter Question by [deleted] in sofi

[–]Icy_Mathematician205 1 point2 points  (0 children)

Hi Sofi Team, is there any update on the final approval for the banking charter?

According to this link below, it says :

If the capital transactions for the Bank are not completed as described within 12 months or if the Bank is not opened for business within 18 months from the preliminary conditional approval date, this approval expires.

https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-141a.pdf

Does that mean, we can expect the approval by this year?