🔥Weekly Trade Ideas🔥

I like SOXL as it is an ETF in the semiconductor area…the ETF part means less individual stock risk. I am selling the $39 PUT while the STOCK is riding a high of $43. The RSI is above 50 so if it pulls back, I think I will take those shares at $39. This is a nice discount and I see the stock bounce. As always do you due diligence and this is not advice to buy, sell or invest. This is a weekly CSP with a .22 Delta…Meaning My risk is 22% chance that the Stock reaches $39 by Next Friday….78% POP!

Scooter

Click The image to see the chart!

Stock Price Strike Price (DTE) Call/Put
$43.60 $39 7days PUT
Contracts Premium money invested ROI
4 $0.95 $15,600 2.4%
Total money earned $380.00

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