$Palantir Technologies Inc.(PLTR)$a must buy stock.

Either the rumors talk bad or institutional post a negative review about Palantir, I will call when the price hit 12.35

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Here the trading idea I will consider with Palantir

1) Buy mother share straight forward at 12.35 with 10% equity position and cutloss at 10.70. As if im riding with the bull, breaking out 14.60, I will chip in another 10% equity position and holding all to 18 with trailing stop set.

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2) Since many optimise about option trading technique, I would like to share an idea trading Palantir with few strategies

- Option 1. ( Short Put Vertical) consist of sell put and buy put with same expiration but difference strike price. 

For Palantir situation I will open SPV when price hit12.35 (sell put strike 13/any near price & buy put strike 12.5/any near below 13) and the expiration 2 to 3 weeks which offer better according to equity allow. 

- Option 2. (Long call naked) consist of 1 buy position with slightly OTM strike and 2 weeks expiration.

To open this position, a confirmation that Palantir is strong move. So, I will only open this position when price rise above 14.60, then some pullback around same level of 14.60. Here on, I will buy naked call With OTM 15.00 and expiration 2 week or 3 weeks (riding with the bull)

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However, since this naked call, although the profit is unlimited, the drawback will be Thete (time exp), so I will close position when it hit target profit zoneor before 2/3 time decay drom expiration period (ifyou open expiration 2 weeks, consider close with TP or cutloss the first 6 days in position).

- Option 3. Covered call game which I dont have tomentioned here as it been discuss by others, you may refer others post about covered call game.

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Whatever it is, Palantir is in my strong watchlist to buy in market regardless what they said🤣

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Disclaimer:

This is not buy or sell to others. Ethical trader should bot persuade others participate in what you going to buy. An idea can be shown, but it is just for discussion only among traders. Understand your dealand trading plan.

#option #stock

Happy trading guys & happy weekend😎