Optionspuppy
2022-08-09

My pice on MEME stock will be  $Palantir Technologies Inc.(PLTR)$Bullish


But instead of buying the stock I will rather sell the put option at $8 to have 0.20 of premium which is around 2.5% per month 


In the event if I got the stock I might sell call at $7 or $8 to exit the position 

I might not fall in love with this meme stock but I do fall in love with the premium 

And the fluctuations of meme stocks 

$Nasdaq 100 ETF(QQQ)$$SPDR S&P 500 ETF Trust(SPY)$View on SPDR S&P 500 ETF Trust(SPY)BullishBearish

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Comments

  • Flochin
    2022-08-11
    Flochin
    Since you are bullish about this stock, perhaps other than selling put, you can buy another call with strike price close to the share price so that you gain from both actions.
    • OptionspuppyReplyFlochin: 
      Oh thanks i thought is sell call
    • Flochin: 
      You misunderstood. I am saying use the premium from the put to buy a call. If it goes up, u make unlimited profit from call. If it goes down, the call expires worthless and u pickup the shares.
    • Optionspuppy: 
      If go up alot will jialat on the call remember nake call danger is unlim ited
  • yeo
    2022-08-12
    yeo
    Pltr game over already?
  • Lostinroom
    2022-08-11
    Lostinroom
    Keep in faith. One day it will go up
    • Optionspuppy: 
      Yes or cut it off vy selling call at 11 or 12
  • Andie8392
    2022-08-11
    Andie8392
    good post.. thanks for sharing
  • QArmieeQ
    2022-08-12
    QArmieeQ

    Good strategy for MEMES stocks!

    • Optionspuppy: 
      Like and if u liked the article can share it too
  • MsGrumpyOink
    2022-08-15
    MsGrumpyOink
    Great article! I would like to share it.
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