Palantir recently posted impressive earnings, propelling its stock price up by over 26%. My Put Options with strike prices ranging from $13 to $14 are now comfortably in the money. As I plan to sell Cash Secure Put Options on Palantir, I'll likely need to adjust my preferred price upward given the recent surge. While predicting whether the stock will revert to pre-earnings levels is uncertain, I see Palantir as a long-term investment. Despite potential fluctuations, I'll closely monitor the company's performance, maintaining confidence as long as it remains a dominant force in its market segment.
In addition to Selling CSP, I'll explore selling Covered Call Options against my holdings to hedge against potential downsides. However, I'm cautious about letting shares get called away and will exercise these options judiciously, striking a balance between earning decent premiums and managing the risk of losing my shares.
@TigerStars @TigerEvents @Tiger_SG @CaptainTiger @Daily_Discussion
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Once the Nasdaq turns green if will lift PLTR up. 😊
Strong close follows by high volume bodes well for longs.
Another big buyer in today, just my opinion
PLTR is a retaillooser stock