THE SOFI PROJECT

SOFI PROJECT

About 8–9 months ago, a friend of mine asked me if he could start investing with €2,500.

I said yes — but instead of using the money for short-term trading with EUR/USD or Nasdaq CFDs, I suggested a different approach:

Sell put options and try to generate a steady income over the long term.

So, that’s exactly what we did.

We started the SOFI Project with €2,500 and have been running the WHEEL strategy for the past 8–9 months.

Now I’d like to share where the project stands today, what has happened so far, and how the strategy has performed.

And this is not the end of the experiment. I’ll continue reporting on the SOFI Project and showing how it develops over time — including the good and the bad.

For educational purposes only. This is not financial advice.

Actual Situation: 

- 100 SOFI Stocks bought to 25Dollar 

Summary of premium open: 138,5 Dollar
SOFI Sell Oct02 16,5 Put - Open 
SOFI Sell Sep18 15 Put     - Open
SOFI Sell Dec18 25 Call    - Open

Summary of premium closed: 337,5 Dollar
SOFI Sell Feb20 25 Put - Closed
SOFI Sell Mrz27 24 Call - Closed
SOFI Sell May01 12 Put - Closed
SOFI Sell Jun05 14,5 Put - Closed
SOFI Sell Jun18 23 Call - Closed
SOFI Sell Aug21 14 Put - Closed
SOFI Sell Aug21 25 Call - Closed

Summary Total:

Learning:

Instead of simply holding stocks and doing nothing, we use the WHEEL Strategy to generate additional income from existing positions. By collecting option premiums, so we can also gradually lower the effective entry price over time.