This past Monday, Nov 11th, I bought 3 Call options on Palantir (PLTR). I bought 3 PLTR 12\/27\/24 $62 Calls for a premium of $4.50. The total cost for the 3 contracts was $1350. Today, with the stock up, I jumped out with a nice profit, I sold the 3 contracts for $5.85. This sale brought in $1755 for a profit of $405.<\/p>\n
<\/p>\n
11\/11\/24 \u2013 Buy to Open 3 PLTR 12\/27\/24 $62.00 C @ $4.50\u00a0<\/strong><\/p>\n 11\/15\/24 \u2013 Sell to Close 3 PLTR 12\/27\/24 $62.00 C @ $5.85<\/strong><\/p>\n I bought this position with an Expiration Date about six weeks out. However, I sold the position in four days. My strategy is to take a profit when I’m happy with the return. Palantir stock continues to go up as I write but I don’t care. Buying options can be very dangerous if you get greedy. If the stock moved down, with Time Decay<\/a><\/span>, the stock might not recover enough to get the profit back. When buying options it’s very important to understand Time Decay and how it eats up the premium with time.<\/p>\n I bought the position for $1350 and sold four days later for $1755 for a profit of $405. That is a Return on Investment (ROI) of +28.8%. This was a great trade and it would have been a good one for Grasshoppers.<\/p>\n Any questions on this trade send me an email.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" This past Monday, Nov 11th, I bought 3 Call options on Palantir (PLTR). I bought 3 PLTR 12\/27\/24 $62 Calls for a premium of $4.50. The total cost for the 3 contracts was $1350. Today, with the stock up, I jumped out with a nice profit, I sold the 3 contracts for $5.85. This sale […]<\/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-14643","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3Ob","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14643","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=14643"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14643\/revisions"}],"predecessor-version":[{"id":14648,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14643\/revisions\/14648"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$405<\/span><\/strong><\/h4>\n