Earlier today I sold 2 PLTR 8/8/25 $172.50 Puts for a premium of $2.14, collecting a total of $428.
This market is running hot, and you never know what tomorrow will bring. With Palantir up today and my position already showing a $268 gain, I decided to take profits instead of holding until Friday for the remaining $160. I’ll watch the action tomorrow and look for a new opportunity.
Trade Summary:
Sell to Open 2 PLTR 8/8/25 $172.50 Puts @ $2.14 (+$428)
Buy to Close 2 PLTR 8/8/25 $172.50 Puts @ $0.80 (–$160)
Profit: +$268
Successful trading,
Steve
The Options Coach