Sofi Technologies (SOFI) stock is trending higher, showing positive accumulation despite not paying dividends. Using options, investors can create their own “dividend” by selling puts, generating around $290 in option premium in five months. Risks include potential losses if the stock drops below $20 and missing out on upside potential.

The $20-strike put has a delta of 39, equivalent to owning 39 shares of SOFI stock with a 61% chance of expiring worthless. To cut risk, investors can turn the trade into a spread by buying a $15-strike put, creating a bull put spread. SoFi Technologies Inc. has a 100% Buy rating with strong indicators supporting the trend.

Implied volatility for SOFI is currently 70.51%, with analyst ratings ranging from Strong Buy to Strong Sell. Options trading carries risks, and investors should conduct due diligence and consult a financial advisor before making investment decisions.

Read more at Yahoo Finance: Creating a 38% “Dividend” on SOFI Stock Using Options