If you're looking to retire and create

income, you should look no further than

SoFi and the Wheel Strategy. I'm going

to talk about both of these. SoFi is a

high-quality company and the Wheel

Strategy is a highquality option trading

strategy that can generate income,

reduce your average cost of purchasing

stock, and make money from holding a

highquality stock. So that's why these

two things together are really good

strategy for creating monthly,

consistent, passive, and safe income. So

let's open up my portfolio right here.

All right, guys. So, take a look at

SoFi. SoFi is currently trading for $18

per share. I have 10,500 shares. My

average cost is $21.18

and I'm currently down on the stock.

That is the full transparency. However,

this does not factor in the wheel

strategy or how much money I have been

making. Literally hand overfist money on

SoFi. It has been ridiculous in terms of

premium collection. So, I want to look

at the technical analysis and show you

pretty much why this is the case. So

although SoFi stock, as you can see

here, it went from like $31 per share

and it fell down a lot. My average cost

again is $21 per share. And I do trade

this every single week in my Discord

community. Now, it has been so fantastic

for us investors despite really kind of

non-existent returns. These are

non-existent. This stock has done

absolutely nothing since March. I mean,

even February, this stock has only been

basically the same price at $19 and now

it's $18. So, it has actually lost $1.

However, because I'm running the wheel

strategy and I'm selling options, I

actually don't mind this. So, let me

show you. I'm going to go to trade SoFi

options and I'm going to go through step

by step and show you why this is such an

interesting play even though it's not

really moving that much. Okay? And I'll

discuss SoFi as a business as well. So,

we'll cover both the technicals and the

fundamentals in this video. But, let's

do a sell put because traditionally with

a wheel strategy, we are selling put

options with the goal of getting

assigned. And if we don't get assigned,

that's fine because we're collecting

premium along the way. So, let's do a

30-day out option, right? A monthly

option. And you can see here, SoFi is at

$18 per share. And if I go down a little

bit lower, and that's the whole point

whenever I sell a put option, my goal is

to go down lower. Even if I do at the

money here, which is $18 strike price,

you can see that the premium is $96. So

this is already very very advantageous

because at $18 if you subtract out the

premium that you collect your break even

is already around $17 per share. So if

SoFi does nothing where it falls $1,

literally doesn't even matter. I mean

you would get assigned at, you know, $18

per share. But if you collected a whole

dollar, your average cost is effectively

17. Okay. But what I'm going to do here

is I'm going to look at the 17 strike

price and I'm going to expand it right

now. So again, this is the first step of

the wheel strategy. The wheel strategy

is my favorite strategy. I've been using

for over a decade. It's just a whole

system and process that's very simple

even for someone who's just starting out

with option trading. This is a not that

expensive strategy because on SoFi,

look, $17 strike price, you're

effectively have to put up about 1,700

bucks roughly. Actually, a little bit

less when you calculate in the premium

that we collect here. But let's go ahead

and start off with the sell put and go

for the 17 here. You can see that the

premium here is $57 which is actually

very very attractive because I think 3%

of 1700 is going to be about $51. So

this is um over 3% in terms of premium

that I collect and this is premium

that's mine. This is premium that enters

my account right away. Okay, that

premium enters your account is still an

effective position in your account and

it is a unrealized gain. Okay, basically

so although it's cash in your account,

you still would have to buy this back to

actually realize the gain. But don't

really worry about that because the

whole strategy that I use with the wheel

is I'm not buying anything back. I'm

just collecting $57. I'm not managing.

Like literally, I am making this as

simple as possible. I work with so many

beginners and I don't want to over

complicate things. I want to make sure

that risk management is as good as

possible and the stocks that we're

selling puts on and running the wheel on

is stocks that we generally want to own.

So, it doesn't really matter if SoFi

were to go up or go sideways or even

come down. We're okay at $17 because

again, going back to the technical

analysis, not only is there like support

levels, but the stock is just going

sideways despite this being a really

strong company. I mean, their member

growth is very rapid. SoFi reached 14.7

million members in quarter 1, 2026, up

35% year-over-year, while adding a

record 1,55,000

million members during the quarter. That

is insane. Like where is a million

people coming from? Can you imagine how

much volume they are doing? And a large

member base gives SoFi more opportunity

to sell additional financial products

without acquiring a completely new

customer each time. So customers that

are acquired are using more SoFi

products. That's what I like about this

business. And when we see the stock here

at $18 per share, I firmly believe that

they have the strongest support of any

stock at around $17 per share because

their revenue is still growing very

quickly. It is ridiculous to see the

stock under $20 per share. I don't think

that's going to last because Q1 2026

their adjusted net revenue increase 41%

year-over-year to $1.09

billion. This is unusually strong growth

for a financial company that has already

reached Sofi scale. This is so unusual.

And what's even more meaningful is the

profitability. So generated $166.7

million of gap net income in Q1 and

report its 10th consecutive profitable

quarter. And every time they report,

literally this company doesn't really do

anything, which is super surprising

because, you know, we're going into

September right now. Basically September

1st on on Monday, right? And SoFi is

still under $20 per share. So when I'm

running the wheel strategy and I sell a

17 put, I hope I get it signed. like

literally sign me up. This is a 31 delta

right here. The implied volatility is

really good at at 49, which is

essentially 50. It's 49.9 is very

attractive. Any implied volatility

that's over 30 35 is already like pretty

good. Like that's medium. And then above

50 is high volatility here. So is like

basically right on that border, right?

They're seeing, you know, almost high

volatility. I'll say medium to high,

upper, medium, upper middle class,

whatever, however you want to put that.

So, this premium that I'm collecting

here is is very attractive. It's not

crazy attractive. Like, in my community,

I do I'm aiming for like 4% plus, and I

have many students that are exceeding

6%. That is something that's very

possible, especially in a bull market.

And when you're looking at stocks that

have more implied volatility for the

wheel strategy, it's a little bit more

of a lower return, lower risk strategy,

somewhere in the middle. And here, this

3% premium that I'm collecting, it's not

crazy, but it's very attractive because

this is a stock that I want to own. So,

I view this from the angle of I'm not

really losing even if SoFi goes down a

dollar. Now, if I wanted to like up my

premium, then I would just go right here

and then this would obviously be, you

know, very attractive. Exactly what I'm

targeting, which is the 4% plus. Like,

in my community, that's pretty much the

goal. I think that's what a lot of

people sign up for is well, first of

all, they want a coach that understands

risk management because the first and

most important thing is not losing

money. That's the most important thing.

It's all fun in games when we're all

making money when the market's up. But

it's protecting yourself on the

downside. So, first of all, I focus on

preserving wealth. That's super

important to me, especially with folks

that work so hard for their money. They

need to protect. But the second thing is

growth and an income. So, this is a

great growth and income strategy. As you

can see here, this is this is very

attractive. Now, okay, let's move on

into kind of like the next step here of

what I would do once I do get assigned.

So, again, let's say that we get

assigned at $18 per share. And again,

we're happy with that because, you know,

SoFi is a great business. Um, and one

thing more that I want to mention is the

banking charter gives SoFi a funding

advantage. That's something that I

really like about SoFi. It's like a

competitive advantage they have because

their deposits reached over 40 billion

and deposits represent more than 90% of

average liabilities during their last

quarter. So, management estimates that

deposit funding saved approximately $622

million in annualized interest expense

compared to, you know, with something

like warehouse funding, right? So, they

are able to fund themselves. They're so

self-sufficient. That's that's what I

was looking for. Self self-sufficient.

Okay. So, it's becoming much more than

just a lending company. They are, you

know, full financial services revenue

company which increased 41%

year-over-year and yeah, just super

strong in the feebased revenue which

creates another growth engine. I think

this is very diversified stock right

now. Let's go to sell call. Okay, let's

get rid of this 18 put and let's say

that we did um you know get assigned at

at 18, right? So, like what do we do

now? Well, let's go back here into

technical analysis. And by the way, what

we're looking at, I didn't really fully

explain myself, apologize, is this

moving average is a 50-day moving

average. It shows you pretty much where

the stock is trading at for the last 50

days on average. I'm going to kind of

zoom in here. U but you can see here

that it is right around 18. So the stock

is literally trading at its moving

average. It's trading in the tightest

range I've seen in a very long time and

really any stock. Such a tight range,

which again is good. So this tight range

indicates that likely SoFi is just going

to continue to trade sideways, right? If

it falls down, great. We will get a

signed on the put side. But let's say we

do get a sign that we are holding

shares. Okay, the wheel strategy, you

don't have to sell puts right away. You

can just start with covered calls if you

want. Although that would technically

not really be by definition the wheel,

but anyways, covered calls. Okay, we

would want to sell above the Ballinger

band. This black line here is the

bowlinger band. I use this all the time

in my coaching. I think it makes it

super simple for anyone that isn't an

expert just to understand where's

support and resistance, where is, you

know, the stock that they're looking at,

whether it's SoFi or anything else. What

is a support and resistance? And the

Bowlinger band gives you a range of

possibilities based off of, you know,

volatility and statistics. So, this

range right here is likely where SoFi

will be trading at in the next, you

know, foreseeable future, such as 20

days. This bowlinger band is a 20-day

period. So, look, the top is roughly 19,

right? 19 or 19 and change, right? So,

what would I do? Well, the stock is

unlikely to go above 19. So, what would

be logical to do would be to sell at 19.

So, you can see here how there's barely

any growth here. Let's say we're at 18.

Well, at 19, we're out. This covered

call would effectively put us out here,

right, at 19 because someone would

exercise and take our shares away.

That's fine. Like if the stock is going

sideways and it slightly goes up to 19

and I have to get rid of it. But I have

it at 18. I have to get rid of it at 19.

Great. That's a whole dollar or $100,

right? Per per contract. However, let's

also factor in the 73 cents here, which

is also the premium that we get

regardless of what happens. Like this is

why I love teaching this strategy so

much and why I optimize my student

portfolios to have typically 50% or more

of, you know, their overall portfolio in

something like the wheel strategy. It's

because it is in my opinion one of the

you know perfect balances of income and

growth. Yes, I have other growth

strategies and I cover on this channel.

I've been covering leaps a lot and I

have yeah 10x leaps group which is in

that group I'm aiming for, you know, I'm

aiming for everything I can get. I'm

aiming to swing for the fences because

LEAP options give me that huge leverage.

That's great. That's fun and I have that

in my portfolio, right? It's a higher

risk, higher reward strategy. But this

right here, I think you should not

overlook. Whether you're a beginner or

intermediate, something like a SoFi

that's going sideways could be extremely

attractive. $19 strike price plus 73,

that gets us to almost $20. And when you

factor that in, I mean, you can do the

math from $18 to 20 is actually very

attractive in one month. And if you can

repeat that, right, that's the hard

part. Can that be repeated month after

month? If so, I'm telling you that is

going to be beating the S&P. that's

going to be beating whatever YouTubers,

investors, hedge funds, people cannot do

that on a consistent basis. In fact,

most people cannot even beat the S&P

500. So, the fact that I have scaled my

portfolio and yeah, I've taken on some,

you know, additional risks outside of

the wheel strategy. Now, I've scaled my

portfolio from 100K to 700K back in 2021

using LEAPS. But then as I continue to

grow my portfolio, the wheel strategy,

which is what you're learning about

here, is what I have implemented more

and more of my capital into because the

predictable income is what I'm after. I

think that's what a lot of people want.

It's not, you know, it's not about

building the biggest assets. It's about

having enough income to live the life

that you want, right? So that is always

kind of the goal and the mindset shift

that I even work with students on

because they come in kind of with like,

you know, some people come in with a

toxic mindset and they've seen too much

content out there that's promising them

like a get-rich quick and they come in

with that mindset. I say, "Hey, no, no,

no, no. I don't believe in that. I

believe in getting rich slow." And when

I say slow, I mean not too slow, but you

know, enough time, years, years. We're

not talking about days. We're not

talking about weeks. We're talking about

years. Okay? So, if you can set up your

future in several years and not have to,

you know, be a slave at work or um you

know, not live the lifestyle and freedom

that you want, you're at a desk job or

you're even, you know, a high-end

profession, engineer, doctor, lawyer,

you're working like 40 hours a week, you

know, I don't know. Like, I'm not doing

that. I have freedom. It's because of

this. It's because of option trading.

And it took time to learn, but it's so

well worth it. And this wheel strategy

right here, $19 strike price on SoFi.

This is the exact type of trades that

I'm placing in my community every single

Monday. I want my students to understand

that you don't have to swing for the

fences to get attractive growth in the

portfolio. So yeah, this is SoFi and

this is the stock that I'm currently

running a good amount of my money. Let's

go back to my SoFi position. I want to

show you just how much I personally have

in SoFi so you can understand the type

of scale and risk management as well

because when you are running the wheel

strategy you don't want to over uh

leverage either because although so

looks attractive of course there's

volatility and the wheel strategy's

risks and dangers are that if the stock

crashes you know you're in trouble I

don't see that to be the case with soi

but again diversification is important

which is why this is 4% of my entire

portfolio but the good news is to finish

the wheel strategy and to get into like

the the full uh philosophy and knowledge

on running the wheel strategy. It's okay

to finish the life cycle selling a put a

covered call and then getting assigned

on the covered call. You essentially

will lose your shares at a higher cost

basis, right? So you have an average

cost of of 24 and then you get rid of it

at 26. That's cool. you made $2 per

share plus you got collect you collected

premium on the sell put side and like

basically step two and step three you

collected covered call income and then

you get out of the stock. So you've

you've made money three times. You made

money selling a put option. You've made

money doing the covered call and then

you made money on the capital gains

capital appreciation of having an

average cost of 24 and then selling the

stock at say 26. And if you're assigned

at expiration you go back to step number

one. You have finished the full life

cycle and then you start selling put

options yet again. You start all over

again. You rinse and repeat. Man, this

is a really powerful strategy. It gets

me excited even just to talk about it

because I think so many people can reach

retirement by running this simple

strategy. You don't have to recreate the

wheel or do any crazy strategies. In my

experience, I have been running the the

wheel strategy for basically almost, you

know, 10 years since I started trading

and learning and it has really helped me

personally achieve retirement as well as

other coaches in the program. Other

coaches are also sevenigure coaches and

we have all been using very simple

philosophy as I was a longtime coach

here. I have you know many years of

experience. The coaches that I work

with, they use a very similar strategy.

They learned from me, but then they

altered it into using the wheel strategy

and changing the delta a little bit,

looking at more innovative stocks. It's

really a flexible strategy, but this is

in my opinion the best blueprint that

you can have is pick a high quality

stock, SoFi, great company, and run the

wheel strategy by positioning yourself

to enter the stock for a discount,

selling covered calls to generate

income. And in terms of position sizing,

I would say that you're safe to

basically use 10% of your money in SoFi

or or or really you don't have to use

SoFi. This is an example. I personally

like the company a lot, but you can use

other companies whether it's maybe Tesla

or Nvidia or Palunteer or or other

stocks in your portfolio. Safe stocks

maybe have blue chip stocks, the the big

blue chip stocks and the S&P 500. Those

are great as well because they are

predictable. They're safe. And the wheel

strategy is a moderately bullish

strategy. So, a stock that has moderate

bullish activity that over the long term

goes up, the wheel strategy just helps

you acquire more shares of that company

and also helps you generate money and

consistent income on stocks that you

already have. So, if you're looking to

generate consistent income, use the

wheel strategy, subscribe to the

channel, and I'll catch you in the next

one.