I closed
$SOFI 20240913 6.0 CALL$ ,I closed
$SOFI 20240913 6.0 CALL$ ,Explaining about a sell call option on SOFI stock that you bought, and it's now trading above $6. Here's a breakdown: Sell Call Option: i sold the right, but not the obligation, for someone to buy SOFI shares from me at a specific price (the strike price) before a specific date (the expiration date). Strike Price: The strike price is likely $6, since you mentioned SOFI trading above $6. Trading Above $6: This means the stock is trading above my strike price. Exercised: It seems someone decided to exercise their option to buy SOFI shares from me at $6 (your strike price), as it's more profitable than buying them in the market for a higher price. What this means for me: I am obligated to sell: Since the option was exercised, you're legally obligated to sell the SOFI shares to the option buyer at the agreed-upon price of $6. Potential Profit: The option premium my received when i sold the call option is my profit. Loss if you bought: If i bought the SOFI stock at a price higher than $6, I will lose money. Important Note: The specific details of my option contract (like strike price, expiration date, and premium received) determine my actual outcome
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