I opened $SOFI 20240614 6.5 PUT$ ,SoFI: sold new sets of cash secured puts on SoFI with lower strike at $6.5 and expiry on 14th June which is for 32 days. Premium collected is 1.7%. For the past 2 consecutive Fri options expiry on 3rd May and 10th May, SoFi had dipped to below $7 and that showed market support for the $7 is getting weaker after holding for since late Nov 2023. Readjust my support level to $6.5 for future selling to reflect this change. Target premium collection is now lower from the 3-4% range per 30 days to 1.5% to 1.8% collection per 30 days of contract.
I opened $Abercrombie & Fitch(ANF)$ ,ANF: short AnF at $135 as it’s nearing triple peak at around $140. I had been holding shorts on AnF and they are in the red as the holding average was much lower. With this new trade, my position average is now $111.58. With earnings coming on 29th May, it might moved higher resulting in larger loss, or lower therefore lessening my losses, will continue to average up as long as ANF trades near all time high.