Option Strategies: PLTR
Hello everyone! Today i want to share some option stratgies with you!
1.
Tapped it but could not hold the $80 level.
$Palantir Technologies Inc.(PLTR)$ needed a cool-off and probs needs a bit more selling to reset for another move up. Maybe the sell-off will be short-lived if we get good news after market close tomorrow. If not, then possibly more drop-off. We will find out soon.
2.
Many folks have asked us if we buy options and take directional bets? Short answer: sometimes. We prefer to write options for many reasons that align with the way we like to trade as well as what our time permits.
One of those reasons: Time Decay !!
Options are a wasting asset since the value of the option erodes as time passes and it approaches its expiration date. Option sellers benefit from time decay. As time passes, the option seller can profit from the erosion of the option's value, and the seller doesn't need the option to move in a specific direction to a specific price before/by a specific time.
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