Q's re the SOFI Covered Call Model Settings (Patreon)

Chart and Confluence Settings

Many of you have inquired about the settings I used for this analysis.

While I generally stick to default settings, there are a few key exceptions to note:

Chart Timeframe
For this particular analysis, I utilized a 12-hour chart.

Confluence Model

• Typically, I use the 4-hour timeframe for the Confluence model

• In this case, I applied the 12-hour Average True Range (ATR) to SOFI, which proved effective

Bullish Bias Adjustment
When dealing with stocks like SOFI that are near bottom ranges (around $6.50 in this instance), I adjust the Confluence model to a bullish bias. This is based on the principle that the only direction from such a low point is upward. By making these adjustments, we can better capture potential upward movements from oversold conditions.

Trend Settings

Very tight

ATR Settings