To The Moon

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Buying at Support – 100 Shares at $135.65 🔍

On June 13, 2025, I spotted an ideal entry point for Palantir (PLTR) around the $135.65 level—a well-tested support zone on the intraday chart. This price level had previously shown buyers stepping in, and I wanted to capitalize on this buying pressure. So I bought 100 shares at $135.65, positioning myself for a short-term upside move.

This wasn’t just a random entry; the volume and price action confirmed that $135.50–$136 was acting as a floor. With the broader market holding up and no major negative catalysts for the day, I leaned bullish with a tight risk.

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Selling the $137 Call – Covering for Immediate Gains 💸

$PLTR 20250613 137.0 CALL$ 

Right after entering my long position, PLTR began climbing as anticipated. With the stock approaching $137, I sold a $137 strike call expiring the same day. This call provided a buffer—collecting premium while giving me a chance to exit slightly higher if the stock closed above that level.

Selling the $137 call also reduced my effective cost basis. I was happy to be called away if PLTR stayed above $137 by the end of the trading session—locking in profit and taking the premium as bonus.

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Adapting to Market Momentum – Resistance at $138.50 🚀

However, PLTR didn’t just hover—it surged past $137 and pushed toward $138.50, which I recognized as a key resistance zone. At this point, holding onto the $137 call could cap my upside potential or result in being called away too early.

To protect the gain already baked in and avoid selling too low in a rising market, I adjusted my strategy by buying back the $137 call and selling a new zero-day expiry call at the $136 strike, which had higher premium value due to volatility and time decay dynamics.

This counterintuitive move (selling a slightly lower strike) was intentional—it was near the end of the trading day, and I expected the price to retrace from resistance. The $136 strike was more in-the-money and fetched a better premium, allowing me to lock in profits even if PLTR dipped slightly before the close.

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Why It Worked – Combining Technical Levels & Options 🔧

This strategy wasn’t just about trading randomly—it was about aligning technical analysis with options positioning. I bought shares at support ($135.65), sold a call near resistance ($137), and adjusted that position as the stock hit resistance around $138.50.

By switching to a zero-day $136 call, I maximized income and protected profits—all while holding the shares for a potential assignment or further gains. This is the beauty of actively managing covered calls: adaptability in real time, even on expiry day.

✅ Buy at support

✅ Sell call to reduce cost

✅ Adjust when resistance hits

✅ Protect profits near close

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📊 Result: I earned from both capital appreciation and premium income—executing a nimble trade with minimal downside and optimal profit capture

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