Earn 1.1% weekly Sell Palantir out of money put at near 10 days support
Alright, let's dive into the fascinating world of selling cash-secured puts on$Palantir Technologies Inc.(PLTR)$
Now, the premium you're snagging for this confidence boost is $0.22 per share.$PLTR 20231208 19.0 PUT$ Since 1 contract is 100 shares, you're basically pocketing $22 per contract. Quick math, right? But here's where the weekly charm kicks in – a 1.12% premium in just 7 days. That's like the market doing a little victory dance in your favor every week.
So, let's break it down. You're earning 1.12% weekly,
and if you do this consistently, it compounds. In a month, you're looking at approximately 4.48% return, just by playing this PLTR game. Now, imagine you keep this rhythm for a year – that's an annualized return of roughly 58.5%. It's like turning PLTR's weekly waltz into a financial tango, steadily growing your capital.
But, and there's always a but in the market, be mindful of the risks.
If PLTR takes an unexpected tumble below $19, you might end up owning those shares. So, it's a dance of risk and reward. You're essentially saying, "I'll tango with PLTR at $19, but pay me for the privilege."
In the end, it's a financial ballet where timing, strategy, and a bit of nerve come together. May your PLTR moves be as graceful as a well-choreographed routine in the stock market arena$Invesco QQQ Trust-ETF(QQQ)$
@Daily_Discussion @MillionaireTiger @TigerStars thanks for support and more people learn options and Huat together with tiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Aqa·2023-12-05🎉congrats good profit. Liked and shared! 👍🏻3Report
- Huat99·2023-12-04great3Report
