$Palantir Technologies Inc.(PLTR)$
For the hedge, I'm long 50 PLTR 8/7 $120 puts at $4.73 average. I'm also holding 40 PLTR 8/7 $115/$135 strangles at $6.34 for the earnings report.
The way this strangle works, my breakeven points are $108.66 on the downside and $141.34 on the upside. Between those levels I'd theoretically lose money. Outside that range, I'd make money. This is purely a lotto play for me.
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