My sofi position, its one of the SPAC I started picking up because it was cheap and I want to sell contracts in RH so I need to hold at least 100. I've still been to scared to try mostly because I still don't feel like I understand it well enough
I was gonna try and run the wheel strategy with covered calls and cash secured puts. I don't want to use margin but I like the idea of buying extra stock with leverage if I trust holding the underlying long term
I've been looking at selling a way out of the money (or what I thought was) covered call that would expire in a couple days to try and get the feel but I really don't want to trigger a taxable event if I get assigned (I think I should be able to just buy one to cover it but im still not 100% on how robinhood works) and I don't pull the trigger then there is some 10% jump (this was on my other SPAC position RKLB). I guess I just need to set some sane stop limits but I feel like I can't follow it close enough to get in and out properly