RJR
08-17

Great article, would you like to share it?
@Optionspuppy：
I closed $PLTR 20240920 30.0 PUT$ ,I closed $PLTR 20240920 30.0 PUT$ ,Bought back the put lower at 1.20 Luckily not buy back at 1.30 of day high still earn abit I sold a put yesterday at 1.24 ### Closing the PLTR Put Position 🎯 On August 15th, I executed a strategic move in the options market by closing my $PLTR 20240920 30.0 PUT. The decision to buy back the option at a price of 1.20 was driven by the recent volatility in Palantir's stock price. I aimed to secure my profits without leaving myself exposed to further downside risks. Palantir had been fluctuating, and this seemed like the perfect opportunity to lock in gains while minimizing potential losses. ### Timing Is Everything ⏰ The timing of my buyback was critical. Earlier in the day, the option's price had surged to 1.30, which would have reduced my profits. I exercised patience, waiting for the right moment, and managed to close the trade at a lower price of 1.20. This move allowed me to still earn a bit from the trade, even though the market was showing some unpredictable behavior. This experience highlighted the importance of timing in swing trading, where knowing when to hold and when to act can significantly impact the outcome. ### The Next Game Plan 🔮 Moving forward, my focus is on closely monitoring Palantir’s price action. The stock's recent movements suggest it’s still in a range that offers profitable opportunities for selling put options. I’m looking for any significant dips that would make selling another put option around the $30 strike price appealing. If Palantir’s stock remains stable or trends upwards, I’ll adjust my strategy accordingly, possibly shifting to higher strike prices or different expiration dates to maximize gains. ### Adapting to Market Movements 📈 In conclusion, this swing trade on Palantir was a calculated risk that paid off due to careful market monitoring and a bit of luck. As I continue to trade, my focus remains on adapting to the stock’s movements and finding the best opportunities to extract value from its price fluctuations. The key to success will be staying flexible and responsive to what the market offers.
I closed $PLTR 20240920 30.0 PUT$ ,I closed $PLTR 20240920 30.0 PUT$ ,Bought back the put lower at 1.20 Luckily not buy back at 1.30 of day high still earn abit I sold a put yesterday at 1.24 ### Closing the PLTR Put Position 🎯 On August 15th, I executed a strategic move in the options market by closing my $PLTR 20240920 30.0 PUT. The decision to buy back the option at a price of 1.20 was driven by the recent volatility in Palantir's stock price. I aimed to secure my profits without leaving myself exposed to further downside risks. Palantir had been fluctuating, and this seemed like the perfect opportunity to lock in gains while minimizing potential losses. ### Timing Is Everything ⏰ The timing of my buyback was critical. Earlier in the day, the option's price had surged to 1.30, which would have reduced my profits. I exercised patience, waiting for the right moment, and managed to close the trade at a lower price of 1.20. This move allowed me to still earn a bit from the trade, even though the market was showing some unpredictable behavior. This experience highlighted the importance of timing in swing trading, where knowing when to hold and when to act can significantly impact the outcome. ### The Next Game Plan 🔮 Moving forward, my focus is on closely monitoring Palantir’s price action. The stock's recent movements suggest it’s still in a range that offers profitable opportunities for selling put options. I’m looking for any significant dips that would make selling another put option around the $30 strike price appealing. If Palantir’s stock remains stable or trends upwards, I’ll adjust my strategy accordingly, possibly shifting to higher strike prices or different expiration dates to maximize gains. ### Adapting to Market Movements 📈 In conclusion, this swing trade on Palantir was a calculated risk that paid off due to careful market monitoring and a bit of luck. As I continue to trade, my focus remains on adapting to the stock’s movements and finding the best opportunities to extract value from its price fluctuations. The key to success will be staying flexible and responsive to what the market offers.

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.

Report

Comment

  • Top
  • Latest
empty
No comments yet