0.00Open0.01Pre Close0 Volume3.17K Open Interest92.00Strike Price0.00Turnover3352.26%IV21.66%PremiumDec 20, 2024Expiry Date0.00Intrinsic Value100Multiplier-12DDays to Expiry0.01Extrinsic Value100Contract SizeAmericanOptions Type0.0071Delta0.0046Gamma7563.00Leverage Ratio-39.7023Theta0.0000Rho54.00Eff Leverage0.0000Vega
ken jc : make sure it won't fall when reach 80
10baggerbamm : I think you need to crawl before you run.
even though Dan Ives is 100% bullish and he believes palantir is going to be one of the best benefactors this year with regard to the AI build-out That's continuing to accelerate.
Ben ises not great about technical analysis he doesn't even utilize it he is a market trend big picture thinker and he does not worry about the price of a stock if it goes from 30 to 20 within a two or three month period of time frame because he's looking at the big picture.
that being said I cautioned a little over a week ago that it wouldn't surprise me if we see window dressing and if we see rebalancing in portfolios leading up to the end of the year and then after the New Year and that we could see the stock trade down to its moving average which it did.
I believe I said $74 when the stock was seven or so points higher that I thought it could trade down to.
now let's talk about technical damage that was done
and this assumes that we're not going to get any contracts announced to reverse what I'm saying this is strictly looking at the picture that's in front of you which can change and it can reverse again if palantir gets a contract from the government it's off to the races again or contract from anybody that they announce.
I follow several hundred companies variety of different industries and the reoccurring pattern that I've been seeing is when a stock breaches it's 20-day moving average it trends lower and it doesn't matter what the broader Market does It ultimately will trend lower.
volunteer broke it's 20 day there was a lot leading into it it was tax law selling it was short sellers jumping on top your institutions pounding the shit out of the stock Monday and Tuesday of this week.
I think it's possible especially if we get a 10% correction that a lot of these bobbleheads are talking about and you almost get this self-fulfilling prophecy that takes place if we get that type of a correction I think it's realistic to see palantir in the high 60s it could be 68 to $69. and this is because it did break it's moving average it rolled over.
if you're a big picture thinker like Dan Ives don't worry about it because Karp is going to continue to put the numbers up and as he said short sellers enjoy your margin calls.
if you are shorter term oriented you may want to sell some calls against your position or you may want to take a little bit off the table because I think you're going to see institutions rebalancing their portfolios over the next couple of weeks possibly and they will use rallies to sell into because pltr which might have started at 2% of their portfolio turned out to be 12 to 15% or more of the portfolio and it exceeds the guidelines that they can manage it must be brought down to 5% or Max limits so they are forced to sell.
so if you are shorter term oriented you may want to sell some calls to bring an income or you may want to reduce your balance of this position by 30% or 50% because it's very possible you're going to be able to buy it back and then not too distant future maybe 8-10 points lower than it currently is
even though Dan Ives is 100% bullish and he believes palantir is going to be one of the best benefactors this year with regard to the AI build-out That's continuing to accelerate.
Ben ises not great about technical analysis he doesn't even utilize it he is a market trend big picture thinker and he does not worry about the price of a stock if it goes from 30 to 20 within a two or three month period of time frame because he's looking at the big picture.
that being said I cautioned a little over a week ago that it wouldn't surprise me if we see window dressing and if we see rebalancing in portfolios leading up to the end of the year and then after the New Year and that we could see the stock trade down to its moving average which it did.
I believe I said $74 when the stock was seven or so points higher that I thought it could trade down to.
now let's talk about technical damage that was done
and this assumes that we're not going to get any contracts announced to reverse what I'm saying this is strictly looking at the picture that's in front of you which can change and it can reverse again if palantir gets a contract from the government it's off to the races again or contract from anybody that they announce.
I follow several hundred companies variety of different industries and the reoccurring pattern that I've been seeing is when a stock breaches it's 20-day moving average it trends lower and it doesn't matter what the broader Market does It ultimately will trend lower.
volunteer broke it's 20 day there was a lot leading into it it was tax law selling it was short sellers jumping on top your institutions pounding the shit out of the stock Monday and Tuesday of this week.
I think it's possible especially if we get a 10% correction that a lot of these bobbleheads are talking about and you almost get this self-fulfilling prophecy that takes place if we get that type of a correction I think it's realistic to see palantir in the high 60s it could be 68 to $69. and this is because it did break it's moving average it rolled over.
if you're a big picture thinker like Dan Ives don't worry about it because Karp is going to continue to put the numbers up and as he said short sellers enjoy your margin calls.
if you are shorter term oriented you may want to sell some calls against your position or you may want to take a little bit off the table because I think you're going to see institutions rebalancing their portfolios over the next couple of weeks possibly and they will use rallies to sell into because pltr which might have started at 2% of their portfolio turned out to be 12 to 15% or more of the portfolio and it exceeds the guidelines that they can manage it must be brought down to 5% or Max limits so they are forced to sell.
so if you are shorter term oriented you may want to sell some calls to bring an income or you may want to reduce your balance of this position by 30% or 50% because it's very possible you're going to be able to buy it back and then not too distant future maybe 8-10 points lower than it currently is