I opened $PLTR 20240517 19.0 PUT$  ,PLTR: sold cash secured puts on PLTR at strike $19 and expiring on 17th May which is 24 days away. The target premium collection is 3.15% for the duration if held till expiry. PLTR had a good rebound reaction at the 100 days MA line and correcting down about 25% from its most recent high on 7th Mar. The options support level is also strong around the $20 mark. Initiated this trade to capitalise on its higher IV ahead of earning announcement on 6th May and I’m mild positive bias for PLTR at this price point and also ahead of possible S&P inclusion at some point in the future. Risk is the drop to the huge gap fill at the $17 regions if the results is less than market expectations so let’s see how this goes when these scenarios play out.