Back on Dec 23rd I bought 100 shares of Palantir (PLTR) at $78.25. Today I sold a Call against these shares. I sold 1 PLTR 1/31/24 $82.00 Call for a $1 premium.
12/23/24 – Buy 100 Shares PLTR @ $78.25
1/28/24 -Sell to Open 1 PLTR 1/31/24 $82.00 C @ $1.00 (+$100)
This is a 3 day Call and I received a premium of $100. This is a return of 1.2%.
If I get assigned on this Call I will use the money from the stock sale to buy long term options.
Successful trading,
Steve
The Options Coach