By the time my commentary goes out Friday morning, several economic data points will have been released, including the University of Michigan’s U.S. Consumer Sentiment Index for December, and the Core PCE (personal consumption expenditure) price index for September. Economists expect both to move very little in either direction, a good news, bad news report if you’re an investor. While it’s nice to see consumer sentiment improve, albeit slightly, inflation remains an issue despite tariffs causing less of ...

Core Insights - The article discusses the "Wheel" strategy in options trading, which involves selling cash-secured puts and covered calls to generate income and accumulate shares of desired stocks over time [5][4][3] Group 1: Workday (WDAY) - Workday's stock has seen unusual put options activity, particularly with the January 16, 2026 $185 put option [1] - The stock's enterprise value is $54.45 billion, with an EBITDA multiple of 38.9, similar to Nvidia [7] - Workday's free cash flow for the trailing 12 months was $2.59 billion, yielding 4.7%, which is considered fair value [7] Group 2: Robinhood Markets (HOOD) - Robinhood experienced significant options volume, with 581,878 options traded, 1.6 times its 30-day average [9] - The preferred put option is the $115 strike, which would result in a net cost of $111.35 if exercised, representing a 13.1% OTM [10] - Selling the $115 put would generate $365 in premium income, with an annualized return of 39.9% and a 77.7% chance of the share price being above $111.35 at expiration [11] Group 3: SoFi Technologies (SOFI) - SoFi's stock has increased by 85% year-to-date, with a current price of $28.49 [14] - Analysts have mixed opinions, with only 7 out of 24 rating it a Buy, and a target price of $27, below its current price [15] - The January 2, 2026 $26 put option has a DTE of 28 to 60 days, generating $104 in premium income with an annualized return of 41.1% [18]