@CaptainTiger $Palantir Technologies Inc.(PLTR)$
$PLTR Called Away Today: Earning 2% in Just 3 Days 💹
Today, my $PLTR shares were called away at $72, with an additional premium of $3.55. Since my cost basis was slightly lower, I locked in a solid profit of $1.50 per share, totaling $150. Achieving this in just three days translates to an impressive 2% return over a very short period.
From a strategic perspective, this trade highlights the efficiency of leveraging options for short-term profits. By holding $PLTR shares at a cost below the strike price and selling a covered call, I ensured steady returns while minimizing downside risks. The premium collected added to my overall profit, allowing me to capitalize on the stock’s movement effectively.
Earning 2% in three days demonstrates the power of precise timing and disciplined execution in options trading. Selling a call at a strike price near my cost basis not only provided immediate income but also gave me a clear path to profitability, regardless of whether the shares were called away. This flexibility is one of the key benefits of covered call strategies, as they enable consistent returns even in uncertain markets.
This trade reaffirms my confidence in using options as a tool for enhancing portfolio performance. While the profit might seem modest, a 2% gain in just three days is substantial, especially when compounded over time. Moving forward, I plan to continue using similar strategies to optimize returns while maintaining a balanced approach to risk, ensuring steady growth in my overall portfolio.
| Side | Price | Realized P&L |
|---|---|---|
| Sell Close | 72.00 | +16.14% Closed |
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