Sold out of 2 PLTR Calls
This morning I owned two Palantir (PLTR) Calls. One I bought late Wednesday, Nov 27th and one I bought yesterday. They both had the same Expiration Date of 12/27/24. My first Call had a Strike Price of $65 and the one from yesterday had $66.
The market looked a little shaky today so being up on both of these positions I decided to cash in. I know I have until 12/27 before expiration but understanding Time Decay I love to take profit.
Palantir
This Call I bought last Wednesday. I paid a $4.20 premium for $420. I placed the sell order at $7. I was filled for a profit of $280. Not bad for a 1 week trade with a $420 investment. My Return on Investment (ROI) is 66%.
11/27/24 – Buy to Open 1 PLTR 12/27/24 $65.00 C @ $4.20
12/3/24 – Sell to Close 1 PLTR 12/27/24 $65.00 C @ $7.00
Profit +$280
Palantir
This Call I bought yesterday. I invested $400 and I sold today with a $250 profit. That’s a ROI of 62%. Can you imagine you could do this every day. You can! The deals are there, you just have to find them.
12/2/24 – Buy to Open 1 PLTR 12/27/24 $66.00 C @ $4.00
12/3/24 – Sell to Close 1 PLTR 12/27/24 $66.00 C @ $6.50
Profit +$250
Both of these trades are great Grasshopper Trades. Most people who are going to get into trading options have $400 to make a trade. If you are a Grasshopper stick with this type of trade and your account will grow faster than you think.
These two trades gave me a total profit of $530. This money is in my mattress and these two trades give my week a nice start with locked in profit.
Successful trading,
Steve
The Options Coach