Out of 2 More Palantir Calls

Yesterday I started the day with 5 Palantir (PLTR) Calls. Also yesterday I sold 2 of my Calls to take some profit. With that sale of the 2 contracts I locked in a $5800 profit.

This morning before the open I looked at the PLTR charts. Considering how PLTR has moved recently I did not like what I saw. On Friday on the 1 Day Candlestick Chart there is a reversal candlestick. Yesterday the Relative Strength Index (RSI) was at 80. Palantir moved up at the open but the market looked like it was going to move down. The stock went up to it’s all time high, $118.66. I made the decision to get out of 2 more of my PLTR Calls. I got out with another great profit. 2 minutes after the open I sold the Calls and then I had to run out to PT on my new knee. Here’s the trade.

2/3/25 – Buy to Open 2 PLTR 7/18/25 $80.00 C @ $16.50

2/11/25 – Sell to Close 2 PLTR 7/18/25 $80.00 C @ $43.70

Profit +$5440

I entered this 2 contract position with the premium at $16.50. I sold for $43.70. The profit is $5440. The ROI is 164%.

I will be watching Palantir closely to watch for another entry point. Also on my radar is Tesla. Tesla has been dropping like a rock. On Dec 18th the stock hit $488.54. As I write the stock is at $336. Today is a big day because the stock just hit its 100 Day Moving Average. This could be a reversal signal. I will watch another day or 2 then I will probably pull the trigger with a long term option. I’ll be looking at the July or August Expiration. Strike Price still to be determined.

I am also looking at StoneX (SNEX) which I will write about very soon.

Successful trading,

Steve

The Options Coach.