Earlier I sold 10 $18.50 Naked Calls of Palantir. The stock is moving today on 2 huge investors moving in. The investors are George Soros and Cathie Wood. The RSI is very high but it’s been high since it’s IPO about a month ago. I decided to cover the 10 Naked Contracts with the buying of 1000 shares, and I also added another 1000 shares to sell another 10 covered Call.<\/p>\n
Earlier I sold 10 11\/20\/20 $18.50 Calls for 35\u00a2, and I just sold more of the same Call for 75\u00a2. I now own 2000 shares at $18 and own 20 contracts of the 11\/20\/20 $18.50 Calls with the total premium of 55\u00a2 for $1100.<\/p>\n
This is the way the combined positions will be listed on the “My Positions” page:<\/p>\n
Buy 2000 Shares of PLTR @ $18.00<\/strong><\/p>\n Sell to Open 20 PLTR 11\/20\/20 $18.50 C @ 55\u00a2 (+$1100)<\/strong><\/p>\n Any questions send me an email.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Earlier I sold 10 $18.50 Naked Calls of Palantir. The stock is moving today on 2 huge investors moving in. The investors are George Soros and Cathie Wood. The RSI is very high but it’s been high since it’s IPO about a month ago. I decided to cover the 10 Naked Contracts with the buying […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-9313","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-2qd","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"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=9313"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9313\/revisions"}],"predecessor-version":[{"id":9314,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9313\/revisions\/9314"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}