More Profits to Come From This Stock

Trade of the Day readers, take note of this play because it will pay off for you if you can get in at the right price.

Over the past two weeks, War Room members and Trade of the Day Plus members have been swimming in profits from SoFi Technologies (Nasdaq: SOFI) – the online finance company that is aimed at the younger portion of the population.

And they did it using THREE strategies!

In The War Room, members took profits on SoFi Technologies using a normal call option and then using a put sell. In Trade of the Day Plus, members bought the stock a few weeks ago at $14.50, right after a nice, fat pullback. Members have already locked in a 25% gain on the shares and are now aiming for 50%.

But SoFi Technologies, like many other fintech stocks, can be very volatile. Look at the one-year chart below if you need more evidence…

Chart – SoFi Technologies

Knowing this and knowing that SoFi Technologies has legs (Wall Street jargon for a company that is going to be around and could head much higher), you should take the opportunity to pick a point and get in.

I would suggest the same point I recommended to Trade of the Day Plus members – around $14 to $14.50.

It’s almost at $20 now, so you may have to wait… unless you decide that you want to be like a War Room pro and use a put-selling strategy that will either get you in at that price or pay you handsomely for trying.

When you sell a put, you are obligating yourself to buy shares at a certain price. For that obligation, you are paid cash on the spot.

YOUR ACTION PLAN

You could’ve enter this trade using the strategies outlined above, or you could just sign up for The War Room and get a real-time buy signal with all the instructions you will ever need to get into SoFi Technologies or any number of our winners! Click here to sign up today.