To The Moon

Options Trading Wins: Securing Profits on PLTR, SOXL, and IWM

$PLTR 20250417 85.0 PUT$ 

Last Friday was another eventful day in my trading journey, filled with strategic entries and exits in the options market. I executed a series of well-calculated trades on Palantir (PLTR), Direxion Daily Semiconductor Bull 3X ETF (SOXL), and iShares Russell 2000 ETF (IWM), securing solid profits along the way. Let’s break down the numbers and strategies that played out.

PLTR and SOXL Put Strategy: Sell High, Buy Low

One of my favorite options strategies is selling puts to collect premium and then buying them back lower for a quick profit. On Friday, I sold a PLTR put with a strike price of $85, collecting a premium of $4.17 per contract. Later, as the price of the put option declined, I bought it back lower, securing a profit of $100 per contract.

Similarly, I executed the same strategy on SOXL. I sold a SOXL put at a strike price of $19.5 for $1.08 and later bought it back at $1.01, pocketing a small but steady profit. While these amounts may seem small in isolation, executing these trades consistently adds up over time.$IWM 20250328 224.0 CALL$ 

Closing the IWM Call for a Quick Profit

I also had an open short call position on IWM with a strike price of $224. Since IWM showed signs of declining, I decided to buy back the call at a lower price, closing the position with a profit of $0.14 per contract. While this may seem like a minor win, in options trading, every bit of profit counts, and disciplined trade management is the key to long-term success.

Today’s Move: Securing a $100 Profit on PLTR

As of today, I’m eyeing another profitable exit on my PLTR put position. The premium for my sold put dropped from $4.17 to $3.17, meaning I can close it now and lock in a $100 profit per contract. This is a great example of how premium decay and price movement work in my favor when selling options.

Final Thoughts: Consistency is Key

Friday’s trades demonstrate the power of active options trading and short-term premium capture. Selling puts when the implied volatility is high and buying them back lower is an effective way to generate consistent cash flow while managing risk.

Here’s a quick recap of my trades:

✅ Sold PLTR and SOXL puts, bought them back lower for a profit

✅ Closed IWM call position with a $0.14 gain

✅ Today, closing PLTR put for a $100 profit

These numbers add up over time, and by maintaining a disciplined approach to risk management, I continue to grow my portfolio steadily.

As always, options trading is a game of patience, timing, and risk control. Looking ahead, I’ll keep an eye on market trends and wait for the next opportunity to sell high and buy low.