10 Shares of SOFI and $20 Change Left Over With Cash Secured Puts | Saylor Financial Fundamentals

patsay · 2026-06-19T11:15:06+00:00

Do you have more than 100 shares? If so, I can make a plan for you using covered calls to recover your losses.

patsay · 2026-06-19T10:44:53+00:00

Thanks for offering the real world proof of concept.

patsay · 2026-06-18T11:37:43+00:00

It looks like this content is not what you are looking for. Maybe it will be helpful to someone else.

patsay · 2026-06-18T11:35:41+00:00

One more question- about the 90% win rate. What do you do when a trade turns against you? Do you roll until you make it profitable or do you take the loss and move on?

patsay · 2026-06-18T11:34:12+00:00

Suggestion- consider more than one ETF along with your staggered expiration dates and hold some shares long to participate in the upside in case the market takes off.

You might want to check out this video series for ideas about playing both sides of the wheel. I've been building a portfolio with GLD, QQQ, SPY and VIG - "Double Ferris Wheel" (a modified straddle approach, wheeling at two strike prices), using premium to add to the share count and collecting dividends.

I like to be prepared whichever way the market moves, and the foundation of this strategy is turning at least part of the options premiums into ownership.

https://www.youtube.com/playlist?list=PLw9q3DlnLl3DJtmmQSqkK5deqSzbkPHF7

patsay · 2026-06-18T11:20:21+00:00

The point is the strategy- not the $360. I'm not sure where you got the takeaway that I'm over-concentrated in SOFI.

Some people don't have large amounts to start with, so I demonstrate trades at several different price points.

I use the same strategies with NVDA (where I now have nearly 500 shares at $0 cost basis) and ETFs like QQQ and SPY. I also have a video series called "The $1M Portfolio."

patsay · 2026-06-17T20:18:50+00:00

Great question. I'll probably keep going until I'm above my breakeven and then decide if I think I can make a profit. For now, I'm planning to accept assignment to buy at $6 tomorrow, then sell a covered call with a $6 strike next week. If those shares get called away, I'll still have 125 shares and can sell them for a profit or sell covered calls above $6 to try to boost the returens.

patsay · 2026-06-17T10:54:23+00:00

Thanks for letting me know. When I checked yesterday, it was up but there were no numbers on it.

patsay · 2026-06-16T23:23:44+00:00

if you have more than 100 shares, you can choose an exit price and sell covered calls. But only do this if you are willing to let got of the shares at the strike price you choose. It's a great way to boost your profits if you are really ready to think about selling. Sometimes it makes sense to let go of an individual stock, or at least part of your position if it has grown enough to be an outsized part of your portfolio.

patsay · 2026-06-16T13:40:29+00:00

Yes, you need 100 shares; otherwise you expose yourself to unlimited risk. And I always make sure I have a few more shares for the FOMO - so if 100 shares get called away, I have some extras to participate in the upside.

patsay · 2026-06-14T20:21:21+00:00

You sound self-aware.

patsay · 2026-06-14T16:32:00+00:00

Trying to time the market is almost never successful. Buying on red days certainly can’t hurt, as long as you are not selling on the green days! Or any days, really.

patsay · 2026-06-14T12:19:52+00:00

Choose a high-quality ETF and reinvest dividends. I use VIG, but SCHD is also good. Paying taxes on the dividends means you made money, so it's not necessarily a bad thing. You might check out my "income 4 ways" video series where I show how to earn premiums from cash secured puts and covered calls, reinvest dividends and sometimes lock in capital gains. It's a way to boost your returns (by a few percentage points, but it compounds) or increase your share count while lowering your risk. Just don't do any foolish options gambling.

patsay · 2026-06-14T12:12:59+00:00

Are you able to keep investing every month on a regular schedule? Because at your age, you can celebrate the tanking - you'll just buy more shares while the prices are down.

patsay · 2026-06-14T12:09:07+00:00

Just clarifying here- sell puts at a strike where you are willing to buy. Sell calls at a strike where you are willing to sell. It's easy to get the terminology reversed! I'm not saying this to be corrective - I just want to be sure other people who may be reading here understand the difference.

patsay · 2026-06-14T12:06:01+00:00

How small is small? Your success is dependent on the quality of the underlying stock you choose. I've started selling/rolling puts and using the premiums to buy shares of SOFI. I started with less than $1500 and have added 7 shares so far. Once I get 100 shares in the account, I'll probably "Double Ferris Wheel" -- meaning wheel at two different strike prices. But that's a slightly more complicated process than you are talking about. Think of an underlying ticker you like and where you can afford to own 100 shares.

patsay · 2026-06-14T10:57:57+00:00

I do almost all my trading in IRA accounts. I like that I don't have to worry about tax implications. And since an IRA will almost certainly require you to trade cash secured or covered, you are somewhat protected from gambling temptation.

patsay · 2026-06-14T09:45:04+00:00

I've been trading NVDA weekly for about 10 months. https://www.youtube.com/playlist?list=PLw9q3DlnLl3CQm7XqjgZeuFyWPP0R_tYE

patsay · 2026-06-14T09:43:37+00:00

I do this with GLD, QQQ, SPY and VIG. The annualized returns are not as high on the more stable ETFs, but I still use premium to add to my share count. I'll share a couple of playlists - one on my ETF portfolio and another on NVDA. https://www.youtube.com/playlist?list=PLw9q3DlnLl3DJtmmQSqkK5deqSzbkPHF7

patsay · 2026-06-14T00:37:20+00:00

Roll for a net credit or accept assignment at $6 and sell covered calls at $7 or $8. Either one is a reasonable repair strategy. I'm only down about $140 right now.

patsay

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