Palantir took a little beating the last few days moving down about $10. I’m watching the stock closely because I own Calls expiring in January. I noticed the stock just went above the Volume-Weighted Average Price (VWAP). This is one of the technical analysis lines I have on my 1 minute candlestick chart. In addition to the stock moving above the VWAP line I like the stock in the $70 area. I decided to check out the premiums for selling Calls. I bought 200 shares of PLTR at $70.30 and sold 2 PLTR 12\/13\/24 $71 Calls. This is a three day Call and I received a premium of $1.85. With the 2 contracts that’s $370.<\/p>\n
Buy 200 Shares PLTR @ $70.30<\/strong><\/p>\n Sell to Open 2 PLTR 12\/13\/24 $71.00 C @ $1.85 (+$370) <\/strong><\/p>\n I’m in this position for the premium. I hope the stock moves above my Strike Price of $71 and I get assigned. I’ll keep the $370 and I’ll make 70\u00a2 on the stock sale for another $140. If assigned this trade will give me a total profit of $510. This would be a great three day trade.<\/p>\n The premium alone is 2.6%. If I get assigned the total profit will be 3.6%.<\/p>\n As I’m writing the stock came down and touched the VWAP three times and bounced north each time. For this trade to work nicely I need the stock to stay above the VWAP.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Palantir took a little beating the last few days moving down about $10. I’m watching the stock closely because I own Calls expiring in January. I noticed the stock just went above the Volume-Weighted Average Price (VWAP). This is one of the technical analysis lines I have on my 1 minute candlestick chart. In addition […]<\/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-14814","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3QW","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14814","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=14814"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14814\/revisions"}],"predecessor-version":[{"id":14815,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14814\/revisions\/14815"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}