[Happy]
@Optionspuppy:I opened $Palantir Technologies Inc.(PLTR)$ ,My Options Trade: Buying PLTR and Selling a Call I recently executed an options trade on PLTR, buying the stock at $36.82 and selling a call option with a strike price of $36. Here's a breakdown of my trade and the reasoning behind it. Buying PLTR I bought PLTR at $36.82, believing that the stock has potential for growth in the long term. My goal was to hold the stock for an extended period and benefit from any potential upside. Selling a Call Option To generate additional income and potentially increase my profits, I decided to sell a call option on PLTR with a strike price of $36. By selling the call option, I received a premium of $1.36, which I can keep regardless of what happens to the stock price. Pairing Possible Profits By selling the call option, I'm essentially capping my potential profits on PLTR at $36. However, I'm also generating additional income from the premium, which can help to offset any potential losses if the stock price were to decline. If the stock price remains below $36, I get to keep the premium and can continue to hold the stock, hoping for a future increase in value. My Strategy My strategy behind this trade is to generate additional income through the sale of the call option while still benefiting from any potential long-term growth of PLTR. By pairing my possible profits, I'm able to reduce my overall risk and increase my potential returns 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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