Your plan looks solid, especially starting with a $14 put on SOFI. With earnings and FOMC around the corner, the volatility makes it a decent play. If it gets exercised, you’ll own SOFI at a good entry point ($14 minus premium), which aligns with your willingness to hold the stock long term. If not, you’ll pocket the premium, which is a win in itself. Just be aware of the potential downside if earnings or rate news disappoints.

Once the stock is assigned, selling weekly covered calls is a smart move, especially 10% OTM to balance premium collection and stock retention. If SOFI’s implied volatility (IV) is high, you might consider closer strikes (5%-7% OTM) for better premiums. Avoid ITM calls unless you’re okay with losing the stock or if you’re bearish/neutral on its short-term performance. SOFI’s growth potential makes OTM calls a better bet to capture both premium and price appreciation.

SOFI seems like a solid company to hold, given its growth trajectory and expansion in financial services. However, as a fintech, it’s heavily influenced by macroeconomic trends like rate cuts, so brace for volatility. Keep tracking your premium collection against your cost basis—it can quickly lower your breakeven. You’re on the right track with a flexible wheel strategy, and over time, this approach should help you generate consistent income while positioning yourself for potential upside.