๐ PLTR | Options Structure Update โ Short Put (30 DTE)
Iโm not expressing a directional view; Iโm managing valuation-anchored option structure.
With PLTR trading at 135.90, spot remains materially below my intrinsic value estimate (โ 148.4). The recent upside move appears to be a sentiment-driven mean reversion, while the underlying valuation gap persists.
During the prior drawdown, I initiated incremental short PUT exposure below fair value:
Structure: Short Put
Strike: 135
Tenor: ~30 DTE
The risk framework remains intact:
135 aligns with my acceptable assignment threshold within the valuation model
Elevated implied volatility improves risk-adjusted premium capture
Assignment risk is intentional, with an effective entry price still inside modeled value bands
This structure is not delta speculation.
It is a volatility and time monetization strategy applied when price < value.
Ongoing position management will prioritize:
IV mean reversion / volatility crush
Theta decay relative to remaining DTE
Roll yield and capital efficiency
Price direction is secondary; structure and probabilistic edge remain the primary drivers.
#pltr
Modify on 2026-02-09 22:27
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