$Palantir Technologies Inc.(PLTR)$
Note, I'm not suggesting anyone do this, but it is another strategy to get a shot at upside premiums which are indeed sky high.
For instance, let's say I buy 1000 shares at 42.25 right now and sell 10 call contracts for Nov 8th at 42.50 for a premium of 3.05
I'll make $3050 dollars in 18 days, all for giving someone the privilege of buying them from me for $0.25 more each (another $250 profit) than I paid for them. (They control $42,250 dollars worth of stock for their payment)
What's my risk? - I keep the extra shares but only lose money if they go down more than three dollars each. However, I want to own the shares anyway. For years - so worse case, I lower today's risk of going long.
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