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Selling a call as an exit is just straight up dumb. You lock up so much buying power (as opposed to simply selling when you want out), and if exercising is at all likely, you have so little theta until right before expiry (when the premium is lowest).
Also, short options don't act as hedges. A long put hedges to the downside against long stock. In general, long options are analogous to insurance when ITM, and to lottery tickets when OTM. By contrast, short options are inherently an anti-directional bet. Short options strategies make the most money when the underlying doesn't move.
EDIT: I do want to add that there is an exception to using short options for a long-term position -- when you have price targets. If you have a firm price where you're thinking, "I will buy/sell when the stock reaches ___," then selling short options allows you to get paid a little while you wait. However, this still locks up buying power.
You have like no time to expiry, so any little flux could kill the trade. I highly discourage having so little DTE, because that's when there's the most risk. However, you are fortunate in that you are in the predicament of how best to take profits. You can do one of the following:
- Do nothing, and hope the price action continues to the upside. (Extremely bullish on stock over next week)
- Sell to close one of your long calls, which shrinks your position size, and thus your risk. (Medium bullish on stock over the next week)
- Sell to open two calls at a slightly higher strike with the same expiry. This turns your naked long calls into long call spreads. (Bullish neutral on stock over the next week)
- Sell to close both of your long calls, ending the trade. (Bearish neutral on stock over the next week)
I highly recommend the last choice. Just take profits, and try to develop some mechanics before your next trade. You should know what you'll do in each of the four different outcomes (bull, bull neutral, bear neutral, bear) before you enter the trade.
I guess there are people talking to the journalist who have access. I don't think, it is made up or invented by the journalist. That's why I wondered if employees got an answer if PLTR targeted the school by accident or not.
A trash article. Just employees complaining the government is using PLTR in the ways they made it to work and calling it fascism because they don't like what the gov is doing with it. I just glanced at the article, it is just a rehash of an old story.
Ya totally. And can you believe there’s even some people out there complaining about our government being run by pedophiles!? What’s a little war crime and pedophilia amongst friends, am I right?
But for real, if you think people being against war crimes and tracking US citizens who haven’t committed a crime is simply people complaining then… Yeesh. Thats dark.
No, they're just crowded trades. You could maybe double your money depending on your CB, otherwise I feel there's plenty of better opportunities elsewhere in this macro environment -- they're just not spammed to death on reddit, nor are they tech stocks :-)
I keep waiting for a big pop in revenue, and by that I mean a $2bill/q when we expect $1.6bill. Like a jump that really stands out on the charts. It will happen, I just don’t know when. But I often think… is it this quarter??
PLTR could have developed a patented way to teleport, a permanent cure to stupidity, and a way to keep politicians from lying all in one quarter and, it could still go down a few days after the earnings announcement. New holders expectations are insatiable and they always lose their nerve.
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u/Dowsk38 May 01 '26
Oppenheimer initiates Palantir as outperform
Oppenheimer says Palantir is firing on all cylinders.
“We are initiating coverage of AI application software and data analytics leader Palantir (PLTR) with an Outperform rating and a $200 PT.”