I sold a PLTR $69 put (expiring on March 28, 2025) for $0.10 and later bought it back at $0.08, earning a $0.02 profit per share (or $2 per contract).
🧐 Why I Did This Trade
1️⃣ Capturing Quick Premium 💰
• I expected PLTR to stay above $69 and took advantage of a small price fluctuation to lock in a quick gain.
2️⃣ Reducing Risk While Locking Profits 📉
• Instead of holding the position longer, I closed it early to avoid potential volatility.
3️⃣ Managing Short-Term Market Sentiment 📊
• I believed buying pressure or stability in PLTR would keep the put value low, allowing me to buy back at a cheaper price.
This trade is part of my strategy to generate consistent small weekly profits from selling options and closing them early when possible.$PLTR 20250328 69.0 PUT$
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.10 1Lot(s) | -- Closed |
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