Palantir Put Trade Closed for Profit
On June 2nd, with Palantir (PLTR) trading at $130, I sold 1 put contract—12/19/25 $125 strike—for a strong premium of $21.50.
Over the past 6 weeks, the stock has surged, crossing $151 today. With the premium down to $10.50, I decided to close the position and lock in a $1,100 profit rather than wait another 5 months to collect the remaining $1,050. My thinking? I can likely put that $1,100 to work and earn even more in a shorter time.
Trade Summary:
-
6/2/25 – Sold to Open 1 PLTR 12/19/25 $125 Put @ $21.50
-
7/16/25 – Bought to Close 1 PLTR 12/19/25 $125 Put @ $10.50
-
Profit: +$1,100
📈Successful trading,
Steve
The Options Coach