I own 7000 shares of Palantir at different entrance prices. The stock is way down from where I bought in erasing a lot of my year’s profit in my account. I’m really not worried because I love the stock, and Goldman Sachs gave the company a big upgrade this week on a very positive guidance report.<\/p>\n
This morning, with the stock at $27.90, I sold 70 $30 Calls to expire today. I do own the stock but I don’t want to get assigned at the $30 Strike price. The stock is up $2.75 on the day and I don’t think it will go up another $2 by close today. However, I gave myself a job to watch this position like a hawk until 4pm.<\/p>\n
Sell to Open 70 PLTR 2\/19\/21 $30.00 C @ 25\u00a2 (+$1750)<\/strong><\/p>\n This trade gets a Risk Factor 4<\/strong> because if I get assigned I’ll lose a lot on the stock sale.<\/p>\n I’ll be writing about my Palantir position this weekend. It’s a very large position but there is a good learning opportunity here. When trading options it’s not always a smooth highway. Many times you run into potholes and road hazards. We must learn how to navigate around to make a bad situation a winning one.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I own 7000 shares of Palantir at different entrance prices. The stock is way down from where I bought in erasing a lot of my year’s profit in my account. I’m really not worried because I love the stock, and Goldman Sachs gave the company a big upgrade this week on a very positive guidance […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-10612","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2La","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10612"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10612\/revisions"}],"predecessor-version":[{"id":10613,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10612\/revisions\/10613"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}