I opened $Palantir Technologies Inc.(PLTR)$  ,My Options Trade: Buying PLTR and Selling a Call I recently executed an options trade on PLTR, buying the stock at $36.82 and selling a call option with a strike price of $36. Here's a breakdown of my trade and the reasoning behind it. Buying PLTR I bought PLTR at $36.82, believing that the stock has potential for growth in the long term. My goal was to hold the stock for an extended period and benefit from any potential upside. Selling a Call Option To generate additional income and potentially increase my profits, I decided to sell a call option on PLTR with a strike price of $36. By selling the call option, I received a premium of $1.36, which I can keep regardless of what happens to the stock price. Pairing Possible Profits By selling the call option, I'm essentially capping my potential profits on PLTR at $36. However, I'm also generating additional income from the premium, which can help to offset any potential losses if the stock price were to decline. If the stock price remains below $36, I get to keep the premium and can continue to hold the stock, hoping for a future increase in value. My Strategy My strategy behind this trade is to generate additional income through the sale of the call option while still benefiting from any potential long-term growth of PLTR. By pairing my possible profits, I'm able to reduce my overall risk and increase my potential returns