Optionspuppy
01-25 15:42
I closed $Palantir Technologies Inc.(PLTR)$  ,

How I Earned 3% in Just 10 Days with PLTR

Last week Wednesday, I bought 100 shares of Palantir (PLTR) at $67.40 per share. This was a strategic move, and I decided to enhance my returns by selling a covered call at a strike price of $67, collecting a premium of $2.42 per share. 💼

The Strategy in Action

By selling the covered call, I immediately pocketed $242 for one contract (100 shares). This premium reduced my effective cost basis from $67.40 to $65.98 per share. It also gave me a chance to lock in profits if the stock stayed at or above $67 by expiration.

Fast forward to today, Friday, and the covered call expired in-the-money. My shares were called away at $67 per share, meaning I sold them for $6,700. Adding the premium I collected earlier, my total proceeds came to $6,942. 🤑

Breaking Down the Profit

Here’s how I calculated the gain:

• Total proceeds: $6,700 (share sale) + $242 (premium) = $6,942

• Initial cost: $6,740 (100 shares at $67.40 each)

• Net profit: $6,942 - $6,740 = $202

In just 10 days, I managed to earn a return of 3.00% on my initial investment.

My Reflection

This strategy combines the power of stock ownership with options trading. It’s a way I make my capital work harder, even in a short period. 📈 With careful planning and execution, opportunities like this are always worth exploring.

@MillionaireTiger 

@CaptainTiger 

@TigerEvents 

@TigerEvents @TigerStars 

@TigerTradingNotes 

PLTR
01-25 15:29
USPalantir Technologies Inc.
SidePriceRealized P&L
Sell
Close
67.00-14.24%
Closed
Palantir Technologies Inc.
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