Winning trade for Pltr 21/11 dairy and own learning process $171 profit
Options Trading Analysis
Trade Type: Cash Secured Put
Underlying Asset: PLTR (Palantir Technologies)
Option Type: Put Option
Expiration Date: 2024-11-20
Strike Price: 63.0$Palantir Technologies Inc.(PLTR)$
Lots: 2
Trade Details:
Sell Order: The trade involved selling 2 lots of PLTR put options with a strike price of 63.0 and an expiration date of 2024-11-20. This was done on 2024-11-20 at a price of 2.87.
Buy Order: A separate order was placed to buy back the same options on 2024-11-21 at a price of 2.00.
Market Context:
The trade was executed during a period of market volatility, likely driven by strong earnings reports from companies like Nvidia.
The market was experiencing a surge in prices, potentially making a cash-secured put strategy attractive.
Potential Outcome:
By selling a cash-secured put, the trader receives premium income (2.87 per lot).
If the price of PLTR remains above the strike price (63.0) at expiration, the option expires worthless, and the trader keeps the premium.
If the price of PLTR falls below the strike price, the trader is obligated to buy the shares at the strike price. However, the trader will have the cash from the premium received to cover the purchase.$Palantir Technologies Inc.(PLTR)$
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Trading options involves substantial risk, and investors should consult with a financial professional before making any decisions
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.
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