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SoFi is making options trading more accessible with no commissions, no contract fees, and built-in education to help members pursue risk-adjusted strategies.
SoFi (NASDAQ:SOFI), the one-stop shop for digital financial services, today announced that Options Level 1 has started rolling out to SoFi Invest members, and will be available to all eligible members in the coming weeks. This expansion builds on SoFi's comprehensive investing offering and provides members with foundational investment strategies and tools to build portfolios that align with their financial goals.
SoFi members approved for options trading will be able to access Options Level 1 strategies, including covered calls and cash-secured puts, in addition to the Options Level 2 strategies already available. These allow members to better manage their portfolio, generate premium income, enter new positions, and hedge existing ones to manage risk. Members can apply for Options Level 1 trading directly in the SoFi app and access a library of educational resources explaining how options work, the risks involved, and how to integrate them responsibly into a diversified investment strategy.
Posted In: SOFI
