To The Moon

$PLTR 20250328 83.0 PUT$ $PLTR 20250328 83.0 PUT$ $PLTR 20250328 83.0 PUT$ Got it! You first sold a PLTR $69 put (expiring March 28, 2025) for $1.14, then bought it back at $1.03, locking in a $0.11 per share profit ($11 per contract). After that, you sold a new PLTR $85 put (expiring April 17, 2025) for $4.17, effectively rolling the trade to a higher strike price for more premium.

⸻

🧐 Why I Made This Move

1️⃣ Locking in Profits & Reducing Risk 💰

• By buying back the $69 put at a lower price, I ensured a guaranteed profit while reducing my downside exposure.

2️⃣ Rolling to a Higher Strike for More Premium 📊

• Selling the $85 put for $4.17 means I collected a much larger premium, increasing my total income from this trade.

• If assigned, I would be buying PLTR at $85 instead of $69, but the extra premium offsets my cost basis significantly.

3️⃣ Taking Advantage of Time & Market Trends ⏳

• The new expiration date (April 17, 2025) allows me to capture more time value while keeping my trade flexible.

⸻

📈 Trade Summary: Optimizing Profits with Smart Adjustments

This trade showcases how I actively manage my options positions, ensuring I don’t just take small profits but reallocate capital to maximize returns. By rolling to a higher strike with more premium, I improve my cash flow while keeping a strategic edge in PLTR options.

I will continue using this dynamic approach to generate consistent income and optimize risk-reward ratios!@MillionaireTiger @CaptainTiger @TigerStars @MillionaireTiger @Daily_Discussion