$200 to $500 weekly Locking in Gains at Resistance & Recycling Capital with a Smart Put Strategy 💼💰
On June 21, 2025, I made a calculated move with my Palantir Technologies (PLTR) position. After observing that PLTR was nearing a potential resistance level around $144, I decided to sell my 100 shares at $138.39. This allowed me to lock in solid gains while reducing exposure just before what I anticipated might be a short-term ceiling.
But I wasn’t done yet.
Within minutes, I rotated that capital into a new position by selling a PLTR cash-secured put at the $140 strike price, expiring on June 27, 2025—just 8 days out. For this short-term commitment, I received a premium of $4.13 per share, or $413 total, which effectively lowered my potential buyback cost to $135.87 if assigned.
$Palantir Technologies Inc.(PLTR)$⸻
Why This Move Made Sense 🎯📉
• Tactical Exit at Resistance: By selling near $138.39, I avoided potential pullbacks from the resistance at $144, locking in profits while others were chasing tops.
• Lowered Entry with Cash-Secured Put: If PLTR dips below $140, I’ll be repurchasing the shares at an adjusted cost basis of $135.87—a level I’m more comfortable with technically and psychologically.
• Quick 3% Return in 8 Days: Should the put expire worthless, I’ll pocket the full $413, which equates to a solid 3% return in just over a week—far superior to passive returns.
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The Trade-Offs to Acknowledge ⚖️
The main disadvantage of this strategy is that my maximum profit is capped at $413. If PLTR surges past $144 and continues climbing, I may miss out on further upside.
However, in volatile markets, disciplined entries and exits with calculated short-term premiums often outperform wild speculation. With this move, I’ve repositioned myself with a better cost basis, more flexibility, and still left room for future upside—whether I get assigned or not.
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Summary: I sold my PLTR shares near resistance at $138.39 and immediately sold a $140 strike put to re-enter at a lower cost, locking in income while keeping my capital productive. It’s not just about trading—it’s about precision and capital efficiency.
📈@MillionaireTiger @TigerStars @Daily_Discussion @TigerEvents 🛡️
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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