On June 20th, I was put 200 shares of Palantir (PLTR) at $140 from a Put option. I immediately put these shares to work in my Wheel Strategy, selling Covered Calls for two weeks in a row.
Then on July 3rd, I was put another 200 shares at $142 from another Put option. That brings my total to 400 shares.
Just before the close today (July 6th), I sold 4 contracts of the PLTR 7/11/25 $145 Calls at $1.10, collecting another $440 in premium.
Whether these shares get called away or not, I’m happy — because the Wheel Strategy keeps generating steady cash flow either way.
Summary:
✅ Put 400 shares of PLTR at average $141
✅ Sold 4 Covered Calls @ $145 strike, collecting $440
✅ Total premium from this round: +$440
📈 Happy with assignment or continued premium!
This trade gets a Risk Factor 1.
📈Successful trading,
Steve
The Options Coach