To The Moon

In 2024 to 2025 , I decided to take a more active approach to generating income using

 Palantir Technologies Inc. (PLTR) by selling weekly cash-secured puts. This options strategy allowed me to collect consistent premiums, manage entry points into the stock, and lower my average cost basis. Here’s how this year-long strategy played out and how it helped me earn substantial passive income.

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💸 Weekly Cash-Flow from Premiums

Throughout the year, I sold a wide range of puts at different strike prices, adjusted for Palantir’s volatile price movements. From deep in-the-money to slightly out-of-the-money strikes, every week brought in fresh income. Below is a breakdown of some of the premiums I collected:

• $189.02 from the 20250620 139.0 PUT

• $101.51 from the 20250620 115.0 PUT

• $78.51 from the 20251121 90.0 PUT

• $76.51 from the 20251017 105.0 PUT

• $67.50 from the 20251017 80.0 PUT

• $54.25 from the 20250613 120.0 PUT

• $48.75 from the 20250627 140.0 PUT

• $34.51 from the 20250606 110.0 PUT

• $28.51 from the 20250718 140.0 PUT

• And several smaller amounts like $28.51, $23.51, $17.51, and $1.51 from other weekly puts.

This totals $1,020.61 in collected premiums over a span of just a few months, and I am still actively trading.

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🔄 Using Premiums to Buy Back and Roll Options

There were occasions when market sentiment shifted. On bullish reversals (when I expected PLTR to rise), I closed my sell calls early to avoid getting assigned and to free up my shares for potential upside. For example:

• I bought back 20250620 138.0 CA at a small loss of -1.98

• I closed 20250613 137.0 CA for -20.49

On bearish reversals (when I expected PLTR to drop), I closed my sell puts early to avoid assignment at unfavorable prices, like:

• 20250725 116.0 PUT closed for a small loss of -28.49

By staying agile, I was able to capture profits on both sides while minimizing risk.

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📊 Why It Works: A High IV Stock Like PLTR

Palantir is a stock with high implied volatility (IV), which means its option premiums are usually richer compared to safer, lower-volatility names. This makes it an ideal candidate for premium collection strategies like cash-secured puts.

I also selectively chose puts that aligned with technical support levels or price zones I wouldn’t mind owning more shares at. Even when assigned, I either sold covered calls immediately or waited for a bounce to profit from the rebound.

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💰 Final Takeaway: A Smart Way to “Get Paid to Wait”

This strategy helped me:

• Generate over $1,000+ in option premiums

• Enter PLTR at better prices

• Lower my average cost per share

• Avoid unnecessary panic during dips

• Maintain flexibility to roll, adjust, or close positions based on market direction

Selling weekly puts on Palantir has not only enhanced my cash flow but also turned volatility into an opportunity rather than a threat. With discipline and smart strike selection, it’s a strategy I plan to keep using throughout the year. 🧠📆

My total profits is around $11,000 on pltr 

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