I’ve been worried about a pullback with the market and in Palantir, and it finally came. Glad I lowered my exposure before the drop. Now the stock looks like it’s bouncing back after falling about 20%.
I just opened a long-dated Call option:
Buy to Open 1 PLTR 1/15/27 $160 Call @ $46.50
This is a low-risk position (max loss is the premium paid), and I’m aiming to be out before the end of the year if the rebound continues.
Successful trading,
Steve
The Options Coach