Grasshopper Project — SOFI Trade
SoFi Technologies — Cash-Secured Put
I just made the last trade in The Grasshopper Project. This is a 1 contract Put involving SOFI Technologies (SOFI).
Here’s the breakdown of the trade—the selling of a Put option:
📈 Trade Details:
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Sell to Open: 1 contract of SMCI 7/3/25 $18.50 Put @ 50¢
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Premium Collected: $50
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Stock Price at Entry: $18.40
Trade Rationale:
With SOFI on a tear lately, I felt very comfortable selling this Put. I’m fine with the idea of the stock continuing higher past my expiration date.
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If SOFI stays above $18.50 through expiration, I’ll simply keep the premium without having to buy the stock.
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If SOFI drops below $18.50 and I’m assigned, I’ll own 100 shares at $18.50 each, which I’m more than okay with. From there, I’ll shift into my “Wheel Strategy” and start selling Calls against those shares.
✅ Summary:
This trade reinforces The Grasshopper Project’s core strategy: steady income, disciplined entries, and controlled risk. Whether I’m assigned or not, I get paid either way.
Please let me know if you have any questions or if you have any stocks you would like to to consider for The Grasshopper Project.
📈Successful trading,
Steve
The Options Coach