Sold the $65 strike put on PLTR, August monthly expiry. This play takes advantage of elevated implied volatility and the stock's continued strength. With PLTR trading well above the strike, the premium collected is solid, and the long-dated nature gives time to manage or roll if needed.
Thesis:
Willing to own more at $65 if assigned (fits with the DCA strategy).
Letting theta do the work over the next few months.
Benefiting from time decay + high IV while PLTR consolidates or trends higher.
Premium in hand, risk defined, and aligned with the long-term view.
| Side | Price | Realized P&L |
|---|---|---|
| Sell Open | 1.77 | -- Closed |
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- PhoebeReade·2025-05-12Love your strategy! Great play on PLTR! [Great]LikeReport
- DeltaDrift·2025-05-12Good move[Strong]LikeReport