On Tuesday we wrote about the biggest victim of the debt ceiling debate, student loans. (you can read it here) SOFI has been holding its breath for years while the student loans were on hold and just got the green light to start collecting payments again.
When we talked about this the other day, a July 27 call with a strike of 7 option was trading for about .15. Just a couple days later that call is up to .60.
It doesn’t look like this run is over yet. The July 21 8 calls at .29 look attractive. Even more so now that the bill has passed the senate.
Keep learning and trade wisely,
Market Wealth Daily