Jo Ker
05-07

$Palantir Technologies Inc.(PLTR)$  Hi all! Palantir beat estimates slightly and adjusted revenue forecast slightly upwards but it is still enough for the market at the moment. Looks like a losing trade even if we could have cashed out with good profits just before the earnings report. Well you win some and you lose some.
# "Ouch" for Palantir! Time to Bottom or Sell?

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  • mster
    ·05-07
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    8% drop basically just erase the 8% single day gain before earnings. May just be a knee jerk reaction and be back up and stabilize at mid 20’s
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    • Jo Ker: 
      Yup barring any unlikely announcements of new big contracts these two weeks. Those holding monthly call options like me should be counting our losses
      05-07
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    • msterReplying toJo Ker: 
      Ah! Yes, this will not be good for Long Call, especially short dated ones, IV will crush a big chunk of the value. 🤞
      05-07
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    • Jo Ker: 
      Well the upwards momentum is lost and unless we regain it within two days, the earnings report trade for long call options should be a losing trade. There is a post market after earnings report rally attempt from $22+ all the way to $24.79. But the price failed to stay above even $24 so things are looking pretty grim. Of course, l will still wait for the main market reaction but l am prepared for a total loss for my call options.
      05-07
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