To The Moon

I was reviewing my notes from a year ago—in September 2024—and I had written down an intention to buy seven lots of PLTR once my funds arrived at the end of October.

At the time, the stock was hovering in the low-$30s. By late October, when my funds were ready, PLTR had already moved into the low-$40s. Instead of buying outright, I tried to be patient by selling cash-secured puts at lower strikes, hoping to get assigned on a dip. The dip never came. One by one, the contracts expired worthless—good for collecting small premiums, but nothing compared to the upside that was slipping away.

Not long after, earnings sent the stock gapping above $50—roughly 60–70% higher than my original target. By the time I finally got in, PLTR was already trading around $100.

Fast forward to today: the stock sits in the mid-$150s after peaking near $190. So here I am, looking back at that $30–$40 plan and realizing how quickly things can change. If you’re in it for the long haul—5 to 10 years—dollar-cost averaging (DCA) might just be your friend. If your conviction is still “PLTR is only a $30 stock,” maybe you’re fine letting this one go—but if you’re open-minded, perhaps it’s not too late to ease in.