Palantir thread

[DevilPlate]

29 doesn't look like a support level in my charts tho ...

This author seeing the same as me tho. However, I see next support at $23 instead of $26. lol

Traders should watch for a breakdown from the 50-day moving average and trendline support at around $29.00 over the coming sessions. If that occurs, the stock could see a move toward lower trendline resistance at $26.00. If the stock rebounds from trendline support levels, traders could see a move toward reaction highs at around $38.00, although that appears less likely to occur given the bearish sentiment surrounding the stock.

https://www.investopedia.com/palantir-pltr-tests-support-after-surprise-q4-loss-5112718

 

[eyz]

what's your expiry for the put?

from what I understand, you are doing a selling a naked put right?

but you intend to load up the stock when it's $15?

I'm trying to learn some option strategies.

i sold puts at 15, lol.

but will queue after lockup expiry.

 

[shizuka_b]

what's your expiry for the put?

from what I understand, you are doing a selling a naked put right?

but you intend to load up the stock when it's $15?

I'm trying to learn some option strategies.

expiring this friday, yes is naked put.
now considerng to sell more at 20 for April expiry. After last night's selldown, the puts premiums have gone up.

but a bit wary of the expiration lockup...

this one must think a bit more.

disclaimer: i not employing any option strategy. I just selling naked puts and covered calls for pocket money. So i dont buy options cos i am stingy. Selling covered calls is to make my existing shares work harder for me since they juz sitting there doing nothing lol.

 

[DevilPlate]

expiring this friday, yes is naked put.
now considerng to sell more at 20 for April expiry. After last night's selldown, the puts premiums have gone up.

but a bit wary of the expiration lockup...

this one must think a bit more.

disclaimer: i not employing any option strategy. I just selling naked puts and covered calls for pocket money. So i dont buy options cos i am stingy. Selling covered calls is to make my existing shares work harder for me since they juz sitting there doing nothing lol.

Selling put options is widely recommended provided u are able to take the delivery, correct?
CGS also selling puts too for TSLA.

You normally choose around 30days expiration?

 

[eyz]

I don't think anyone has any issues with making more money, if the risk is little.

I just got some pltr last night, and am expecting some dips for the next few days or even weeks. so I'm thinking of how to cover my exposure, and also glad to learn something new today, to make my stocks work harder for me.

however, I had only traded options once, which was just last Friday I bought 10 lot of sndl put @ 1.5, expiring on 26 Feb. and come Monday, it was already trending down due to some good news on sndl.

so I'm trying to learn on how to deploy options to make my trading more less risk averse, less of a gambling.

expiring this friday, yes is naked put.
now considerng to sell more at 20 for April expiry. After last night's selldown, the puts premiums have gone up.

but a bit wary of the expiration lockup...

this one must think a bit more.

disclaimer: i not employing any option strategy. I just selling naked puts and covered calls for pocket money. So i dont buy options cos i am stingy. Selling covered calls is to make my existing shares work harder for me since they juz sitting there doing nothing lol.

 

[shizuka_b]

Selling put options is widely recommended provided u are able to take the delivery, correct?
CGS also selling puts too for TSLA.

You normally choose around 30days expiration?

yes bro, so i choose stuff that i want to buy at "acceptable" levels. But the problem is in the bull market i never get exercised (yes i am talking abt u, arkk, arkg, amd). Sometimes play longer term, see the premium how.

And of cos i make sure i got the $$$ to pay for delivery.

similarly selling covered call, although maybe not happy to get exercised when market chionging up, but at most just buy in again..

 

[MangoTuna65]

I am trying to learn too, similar thoughts as you have.
Is it a thing to use options as a hedge for small investors like myself?

I don't think anyone has any issues with making more money, if the risk is little.

I just got some pltr last night, and am expecting some dips for the next few days or even weeks. so I'm thinking of how to cover my exposure, and also glad to learn something new today, to make my stocks work harder for me.

however, I had only traded options once, which was just last Friday I bought 10 lot of sndl put @ 1.5, expiring on 26 Feb. and come Monday, it was already trending down due to some good news on sndl.

so I'm trying to learn on how to deploy options to make my trading more less risk averse, less of a gambling.

 

[DevilPlate]

yes bro, so i choose stuff that i want to buy at "acceptable" levels. But the problem is in the bull market i never get exercised (yes i am talking abt u, arkk, arkg, amd). Sometimes play longer term, see the premium how.

And of cos i make sure i got the $$$ to pay for delivery.

similarly selling covered call, although maybe not happy to get exercised when market chionging up, but at most just buy in again..

Thanks, for now i am exploring sell put options since i have a list of counters to add positions.

 

[shizuka_b]

I don't think anyone has any issues with making more money, if the risk is little.

I just got some pltr last night, and am expecting some dips for the next few days or even weeks. so I'm thinking of how to cover my exposure, and also glad to learn something new today, to make my stocks work harder for me.

however, I had only traded options once, which was just last Friday I bought 10 lot of sndl put @ 1.5, expiring on 26 Feb. and come Monday, it was already trending down due to some good news on sndl.

so I'm trying to learn on how to deploy options to make my trading more less risk averse, less of a gambling.

really depends on your risk appetite, and how much time u have to monitor your positions if u are trading options. I don't buy calls, cos i have to monitor the market price and sell off to pocket the gain. And also bcos i stingy cos it may expire worthless. Selling is already money in the pocket, so less to monitor.

that said, DFV is a hero.

 

[shizuka_b]

Thanks, for now i am exploring sell put options since i have a list of counters to add positions.

juat a tip to check the fees as well, cos they can add up. e.g. 1 contract on saxo is like, $3? so if u buy 5 contracts on an affordable share like PLTR, it will cost you $15.

i say "affordable" because if you DO take delivery of 5 contracts (500 shares of PLTR assuming strike 20), it is only USD10k.

compared to tesla...where i cannot AFFORD to take delivery. SO TSLA puts are out of question for me.

 

[chottohen]

Been employing the wheel strategy for pltr and making about 5% returns per week. Now most likely getting assigned with my cash secured puts strike 34.

Will switch to selling covered calls after. I'm long on this stock so don't mind holding.

 

[eyz]

I don't think it has anything to do with stingy or not, just a matter of risk that you had calculated and how comfortable you are with. like you said, risk appetite.

using my buy put example, I am really buying it with a gambler mentality. if it's in the money, I make money, if not, let it expire.

good to learn from you too.

so if you have some pltn stocks on hand, your game play will be sell put and covered call?

another thing I'm trying to grasp is the decay period. how long should 1 look at the timing.

really depends on your risk appetite, and how much time u have to monitor your positions if u are trading options. I don't buy calls, cos i have to monitor the market price and sell off to pocket the gain. And also bcos i stingy cos it may expire worthless. Selling is already money in the pocket, so less to monitor.

that said, DFV is a hero.

 

[DevilPlate]

juat a tip to check the fees as well, cos they can add up. e.g. 1 contract on saxo is like, $3? so if u buy 5 contracts on an affordable share like PLTR, it will cost you $15.

i say "affordable" because if you DO take delivery of 5 contracts (500 shares of PLTR assuming strike 20), it is only USD10k.

compared to tesla...where i cannot AFFORD to take delivery. SO TSLA puts are out of question for me.

Yap, 100 shares of Tesla cost a bomb haha.

Thanks for sharing!

 

[shizuka_b]

i dun have pltr anymore cos i put a TP at $35 then went to zzz. so missed the ride up. really zzz after that.

anyway the boat is back boyssssss.

but yes, for my shares, i will sell naked puts and covered calls.

the further the expiry, the better the pricing. cos it means that the share px got more chance to hit the strike. so u just compare same strike for march and june, will get different px de.

 

[choco roll]

Those want to buy pltr can consider selling put. Premiums not bad.

Sent from Samsung SM-G950F using GAGT

 

[eyz]

thanks.

I went to read up on reddit. looks interesting, but need some time to digest.

Been employing the wheel strategy for pltr and making about 5% returns per week. Now most likely getting assigned with my cash secured puts strike 34.

Will switch to selling covered calls after. I'm long on this stock so don't mind holding.

 

[eyz]

1 csp need to standby 3k USD hehe

maybe I try on my paper account after reading up on the wheel.

Those want to buy pltr can consider selling put. Premiums not bad.

Sent from Samsung SM-G950F using GAGT

 

[DevilPlate]

Those want to buy pltr can consider selling put. Premiums not bad.

Sent from Samsung SM-G950F using GAGT

PLTR:
Sell Put Strike $24, Premium $1.92 expr 19/03

Consider not bad? 8% yield

 

[shizuka_b]

pre market is green, so expect your premium to go down a little, maybe 1.88 therebouts.

 

[IronMan123]

GS upgrade from 13 to 34. Such a drastic change for TP! DYODD.