To The Moon

Selling a Short-Dated PLTR $69 Put – A Quick Premium Play! 💰

I sold a PLTR put with a $69 strike price that expires in the next 10 days, collecting a $1.56 premium. This short-term trade allows me to take advantage of time decay while betting that PLTR stays above $69.

My View on PLTR’s Support 📉

I believe $69 is a strong support level, so if PLTR holds or rises, my put option will expire worthless, and I’ll keep the full premium. If PLTR moves up quickly, I could buy back the put at a lower price to lock in an early profit.

If PLTR drops below $69, I might get assigned, but with the premium factored in, my effective cost basis will be $67.44 ($69 - $1.56), which I find reasonable for a potential rebound.

My Plan for the Next 10 Days ⏳

1. Profit-Taking on a PLTR Bounce – If PLTR rises, the put’s value will drop fast. I might buy it back early to secure profits.

2. Rolling the Put if Needed – If PLTR lingers near $69, I can roll the position forward for more premium.

3. Taking Assignment & Selling Covered Calls – If PLTR falls below $69, I’ll accept assignment and sell covered calls to further reduce my cost.

Quick Premium, Quick Gains 🎯

This short-dated put aligns with my trading strategy—selling high delta options for fast premium decay. If PLTR holds steady or rises, I’ll walk away with a solid gain in just 10 days. Let’s see how it plays out! 🚀$PLTR 20250117 69.0 PUT$ 

@CaptainTiger 

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