Sold PLTR put spread
Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.
Took a trade on PLTR today after noticing a strong buy signal supported by solid volume. I’m still bullish on the overall sentiment surrounding the company despite the elevated P/E ratio and aggressive forward estimates.
With the number of government contracts they've secured and how well the company aligns with the current U.S. political and defense outlook, I don't see why PLTR can't retest previous highs or potentially break into new highs over time.
That said, I may be early on the bullish thesis, so I wanted to structure the trade with risk in mind. Opened a 05 June 120/118 put credit spread for a $0.40 credit — targeting roughly a 20% ROI over the next three weeks.
I may close the position earlier if the stock shows a strong upward move before expiration.
@Madluvyz — Specialist in combining FA and TA for options selling and swing trading.[举爪]
Modify on 2026-05-15 02:00
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- kookiz·05-15 18:43TOPPLTR still feels strong, that 120/118 setup is neat. You closing on momentum or holding closer to expiry?1Report