✅ SOFI
The current Price-to-Earnings (P/E) ratio for SoFi Technologies (SOFI) is 37.46. This is based on a share price of $15.36 and an Earnings per Share (Diluted) for the trailing twelve months (TTM) of $0.41. The P/E ratio is a common valuation metric used to assess whether a stock’s price is justified by its earnings.
- Trailing P/E: ~37× (price ~$15.2–$15.36 ÷ EPS ~$0.41) (financecharts.com)
- Analyst Rating: Consensus leans between Moderate Buy and Buy, based on roughly 15–20 covering analysts (tipranks.com).
- 12‑Month Price Target: Average target is about $14.05–$14.45, with a range from $6 up to $20–21 (tipranks.com).
“Charles, let me break down why I think SoFi is a smart pick for a wheel strategy — especially if you’re starting with $5,000 to $10,000.
You don’t go all in. You stage your capital. So let’s say you only use $1,500 in week one to sell a cash-secured put on SoFi.
Right now, SoFi is around $15.23/share, so you could sell a $15 put and collect around $31 in premium.
Now here’s the beauty — if the stock drops and you get assigned, that’s not a bad thing. You now own 100 shares of a stock you were OK owning anyway — and at a discount because of that first premium. Your breakeven is around $14.69.
Then in week two, you’re now the landlord of those shares. You can turn around and sell a covered call and even sell another cash-secured put if you still have capital. That doubles your weekly premium potential.
And if you don’t get assigned, you just rinse and repeat and stack up premiums without ever owning shares.
Over time, this model starts compounding:
- Week 1: +$31
- Week 2: +$60
- Week 3: +$60 again or more
- Week 4: +$90 if you’re stacking CC + CSP
That’s $200–$300 in your first month on only $1,500 of your capital. If you stagger multiple SoFi wheels over time, using more capital, it becomes a monthly income stream — like rental income.
You want stocks like SoFi that are:
- Trading at a manageable price point
- Have real revenue and a growing user base
- Aren’t hype stocks like AMC or GameStop
- Are early-stage but showing signs of long-term stability
- And can be wheeled without fear of going to $0 overnight
This isn’t gambling. This is chess with income.”**
📊 Example Wheel Projection Using SOFI (~$15.23/share)
Let’s assume:
- $1,500 capital (enough to run 1 contract at $15 strike)
- Weekly premiums start at $31 and increase with CC + CSP stacking
| Timeframe | Shares Owned? | Weekly Strategy | Weekly Income | Cumulative |
|---|---|---|---|---|
| Week 1 | No | CSP at $15 | $31 | $31 |
| Week 2 | Yes (Assigned) | Covered Call + CSP | $60–65 | $91–96 |
| Week 3 | Yes | Covered Call + CSP | $60–70 | $150–166 |
| Week 4 | Yes | Repeat | $60–80 | $220–250 |
| Week 8 | Yes | Same | ~$60/week avg | ~$450–500 |
| Week 12 | Yes | Same | ~$60/week avg | ~$700+ |
| Week 52 | Yes or Rolled | Same or compounding CSPs | ~$2,500–3,000 | ~$3,000+ |
🧠 Stocks Like SOFI for the Wheel (Accurate Prices & Solid Candidates)
Ticker Price Why It’s a Good Candidate SOFI $15.23 Fintech with strong retail following and IV JOBY $8.54 Air taxi company backed by big investors EVGO $3.91 EV charging play with high option volume F (Ford) $10.59 Legacy auto, relatively stable, low cost WBD $10.52 Media/streaming play with consistent volume
🧠 Bonus Advice to Share:
The goal isn’t to “win” the wheel — it’s to “own” it.
The more calm, repetitive, and mechanical you make it, the better. You don’t chase hype. You build income.