I'm breaking down a covered strangle setup I'm running on SoFi — selling a covered call on shares I own and a cash-secured put below current price. This lets me collect premium on both sides, but it's not for everyone. I'll show you the exact strikes I'm watching, how to manage if SoFi rips or tanks, and when this makes sense vs just running the wheel. This isn't financial advice — just showing you how the mechanics work.