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Palantir Technologies (PLTR) Update: Options Trade Status 🚀
Here’s a quick update on my PLTR options trade:
The Current Situation: PLTR Price Movement 📉
As of now, PLTR is trading at $78.80, showing a -0.35% change in the post-market session. Despite the market movement, my call option is still in play.
My Current Trade: Selling the $80 Call 📅
On December 27, 2024, I opened a $PLTR 20250103 80.0 CALL position by selling the option for $2.11. The unrealized P&L is currently at +2.85%, and the position is still holding. This trade is part of my plan to capitalize on potential upside, but the stock price still has room to move before the expiration date.
The Call Option’s Status 📊
• Strike Price: $80
• Premium Received: $2.11
• Unrealized P&L: +2.85%
• PLTR Current Price: $78.80
• Expiration: January 3, 2025
What’s Next? ⏳
I’m keeping an eye on PLTR’s movement as we approach the expiration date. Depending on how PLTR behaves in the coming days, I may choose to adjust the position or let it expire if the stock price stays below $80. If PLTR goes up, I’ll likely have my shares called away, locking in the premium earned.
Key Takeaways 📈
This trade shows how important it is to keep track of both the stock’s price movement and the premium received when selling call options. As always, flexibility is key, and I’ll continue adjusting based on how the market evolves.
Disclaimer: Options trading involves risk, and the market can be volatile. Always evaluate your risk tolerance and objectives before making any trades.
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