15% profit on closing $22 pltr weekly put contract
π **Closing Trade: PLTR Put Option**
I closed one lot of the $PLTR 20240328 22.0 PUT contract after it reached my profit target. As the adage goes, "If you don't make money in your sleep, you won't make it while awake." Thus, I opted to take profit while asleep, selling the put at $0.21$Palantir Technologies Inc.(PLTR)$
π **Rolling Strategy Consideration**$PLTR 20240328 22.0 PUT$
Considering the current market conditions and my risk management strategy, I plan to roll the option to a further expiration date at a higher premium. This move aligns with the principle of managing risk proactively and allowing profits to take care of themselves.
πΌ **Contract Details**
The contract involved in this trade represents 100 shares of PLTR with a strike price of $22.0 and an expiration date of March 28, 2024.
π° **Profit Analysis**
Selling the put option at $0.21 and buying it back at $0.18 allowed for a profitable trade. By executing this strategy, I locked in gains while minimizing potential losses$PLTR 20240328 19.0 PUT$
π **Current Date and Trade Execution**
This trade was conducted on March 20, 2024, reflecting the dynamic nature of options trading and the importance of staying informed and responsive to market movements.
π **Future Outlook**
Looking ahead, I will continue to monitor market conditions closely and adjust my positions accordingly to capitalize on opportunities while effectively managing risk[Cool] @MillionaireTiger @TigerStars @TigerEvents
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