27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading lower on Friday after Compass Point initiated coverage on the stock with a Sell rating and announced a $5 price target.
The Details:
Giuliano Bologna, analyst for Compass Point, mentioned capital becoming a possible constraint for future growth and concerns that the company's fair value accounting treatment has created a back-end margin overhang that may be compounded if balance-sheet growth slows.
Bologna stated, "With the potential for the balance sheet growth rate to slow over the next few quarters and credit costs to increase materially with portfolio seasoning before accounting for credit deterioration risks, we believe it’s difficult to justify owning SOFI at current levels."
SoFi shares have risen 22% since the agreement on the debt ceiling deal, due in part to the company's service of student loan refinancing, but Bologna stated that the recent rally may be "overdone."
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SOFI Price Action: According to Benzinga Pro, Sofi shares are trading 4% lower at $8.11 at the time of publication.
Image: Courtesy of Sofi Technologies, Inc.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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