Bought extra 100 shares to sell call
Palantir Technologies (PLTR) Update: Call Option Strategy 💡
Here’s an update on my PLTR trade:
My Current Position 📊
• Purchased PLTR: Bought at $78.32 per share.
• Current Price: PLTR has risen to around $78 per share.
• Sold Call Option: I sold a $80 call and received a premium of $2.11.
Maximum Potential Profit 💸
• Premium from Call Option: $2.11 per share.
• Max Profit: If the stock reaches or exceeds $80, I can earn the premium plus the difference between my purchase price and the strike price:
• Profit from Call: $2.11
• Profit from Price Movement: $80 (strike price) - $78.32 (purchase price) = $1.68.
• Total Potential Profit: $2.11 + $1.68 = $3.79 per share or $379 for 100 shares.
Conclusion 📈
By selling the call at $80, I’ve set myself up for a total potential profit of $379 if PLTR hits or exceeds the strike price of $80. If PLTR stays below $80, I’ll still pocket the $2.11 premium, which provides some upside regardless of stock movement.
Disclaimer: Options trading involves risks, and there is no guarantee of profit. Always evaluate your risk tolerance and investment goals before making any trades.
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