$Palantir (PLTR.US)$ pltr comes out Monday w earnings.. even...
$Palantir(PLTR.US$ pltr comes out Monday w earnings.. even with the beat like last quarter they could take this right back down to $20 in a blink of an eye
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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JTTC19 : I share the same sentiment. Will be selling covered calls for my position once the price inches up today or on Monday before market close. Even if it beats expectations, I don’t see how it can go above $30 for now.
10baggerbamm OP JTTC19 : if you look at the headwinds that palantir has faced even when the market rallied how it only went up .25-30 cents on days where the broader Market was up significantly the fact that it came up from $6 the downside is 50% from here
10baggerbamm OP JTTC19 : there's no premium in the calls right now when you have a stock decline the premium comes right out of it you have time value left you a little to no volatility premium which would be significantly greater if the stock were to be trending higher.
JTTC19 10baggerbamm OP : There is still premium for 30 strike price and I will not be choosing DTE more than 14 days. If stock trends higher, I won’t mind letting go at 30. Just want to get rid of these shares for now and asap…
10baggerbamm OP JTTC19 : August 9th 30 strike were bidding 50 cents yesterday today they're going to be down 20 cents on the open because the stock's going to be lower on the open it'd be better off selling it in the money call option the market's going to get slammed today you know how many margin calls are coming in? the CEO of interactive brokers was on one of the business channels last month going through there earnings Outlook and where they're making their money and the bulk of their money is coming from margin interest so people are leveraged to the fucking gills and they're all going to get liquidated margin calls go out this morning at 9:00 a.m. liquidation starts at 3:00 if you don't bring in cash to cover you have to sell 330% of the underlying security or anything in your account that's equal to 330% of the cash margin call. so where I'm going with it is you're probably seeing the high right now on the open for prices because when liquidation starts everything's going to be trending lower just like yesterday was
JTTC19 10baggerbamm OP : I need to observe the market first. I usually will not open any trades within the 1st hour. Like I said, need to wait for stock price to go up before selling covered calls. If I sell covered calls the moment market opens and the stock continues to dip, then I’ll be losing money. Anyway it’s not my first time selling CC. I know what I’m doing.