$Palantir Technologies Inc.(PLTR)$You could buy/write PLTR to capture that upside while not putting your core holding in jeopardy of being called away if earnings surprise.
Note, I'm not suggesting anyone do this, but it is another strategy to get a shot at upside premiums which are indeed sky high.
For instance, let's say I buy 1000 shares at 42.25 right now and sell 10 call contracts for Nov 8th at 42.50 for a premium of 3.05
I'll make $3050 dollars in 18 days, all for giving someone the privilege of buying them from me for $0.25 more each (another $250 profit) than I paid for them. (They control $42,250 dollars worth of stock for their payment)
What's my risk? - I keep the extra shares but only lose money if they go down more than three dollars each. However, I want to own the shares anyway. For years - so worse case, I lower today's risk of going long.
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