JonnyBoi
09-20
$PLTR DIAGONAL 260918/251121 CALL 195.0/CALL 220.0$ 


Long term LEAPs play on PLTR, adding a short call in case of temporary pullbacks, where I'll roll down to collect more credit.

PLTR Diagonal
09-20 00:08
US195.0/220.0
SidePrice | FilledRealized P&L
Debit
Open
32.20
1
--
Holding
PLTR DIAGONAL 260918/251121 CALL 195.0/CALL 220.0
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Comments

  • Phyllis Strachey
    09-22
    Phyllis Strachey
    Smart diagonal play—how do you time rolling the short call down?
    • JonnyBoi
      Will roll down when I can cover the short call for at least half the premium initially received
  • Ron Anne
    09-22
    Ron Anne
    195/220 strike spread: Think PLTR can bust through 220 soon?
    • JonnyBoi
      Might happen once the upcoming earnings are out
  • Wade Shaw
    09-22
    Wade Shaw
    Collecting credit’s nice, but what if it rockets past 220 fast?
    • JonnyBoi
      Close the whole structure and reopen a new 60 delta LEAPs call, and depending on how wary I am of a pullback, will then decide if I should open a short call to make it a poor man's covered call
  • fizzloo
    09-20
    fizzloo
    Smart strategy
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