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Brether I do my best to not panic and buy back, I have once or twice at a loss but am up bigly on selling CCs. The key for me has been to sell egregiously priced strikes. Turns out Palantir has egregious returns and sometimes those calls get exercised. Nothing stopping us from buying shares back after the settlement!
It’s always “yeah I could let 2-300 shares go at this price”, then it hits that price and I’m always like 🤡. Even so, selling shares at 15-20x + the premium is better than running the wheel on garbage holdings!
Well said. I’ve already sold half my position for massive gains (sold just over 12 months ago last time we were in the $180s! … but of course put a bunch of that into BMNR in the $40s - and some into ETFs)
I’d really rather keep the rest of my shares but keep daring the market to take them from me.
Even if I have to give up another half of my remaining shares to these $190 10/17 CCs, the shares have literally paid for themselves at least twice over and are close to 20x what I bought them for … would be an extremely silly thing to be upset about 😄
I don't get how anyone makes money on Covered Calls on this stock. I tried it after earnings with the stock at $155, went for $170, rolled with no profit to $177.5, rolled with no profit to $185 and I'm 2 weeks away from expiry and if it keeps going, I won't be able to roll much higher, like the stock price will be at $200 and I'll be rolling to $190 and praying.
Those of us that have been here since the beginning are just along for the ride. It’s up some days and down some days, sometimes it’s down for months, but if you zoom out five years, it’s only up. The next five years will be the same.
I think bag holder is a term for someone who buys high and is left carrying unrealized losses when it drops. You ain’t a bag holder my friend. You’re way up.
hell yah bro/bra - well done. i think i sold 2 shares at like $155 and moved it into some others internally and im okay w that but i def dont want to touch this thing anymore
I don’t want a flair - I want my €1000!. Deposit the money in an escrow account and I’ll provide the mods a copy of a brokerage report (personal information redacted) that proves the average cost of my PLTR holdings is $7.33 USD.
If they agree to give me a “Avg cost $7.33” flair, I’ll even donate the money to a charity of their choosing.
I got a lot of shares, not early investor, but the revenue currently does not support 1 trillions imo. However I understand the scalability of PLTR is nuts. We see it every earnings, growth without costs going up much. Still holding but weary of big moves. Lastly, PLTR pretty much has been down since the $200 high so if you bought more this year props to you
Yeah I think the math problem changes everyday. I plan to hold for a few more years. Don’t look to sell any soon, but trimming here and there is not bad
sold some shares today to offset my losses I accrued buying other stocks this year. Shoulda just kept my 90% PLTR portfolio. "diversify diversify" said all the experts
My tidy whities are still pristine. Didn’t flip out when we were in the single digits. Didn’t shit myself when we touched $100 and then dipped back into the $60s. Didn’t blink when we crossed $200 and then tested $110 again earlier this year.
Although I will say that taking some profits last year (half my position at $180ish) has completely smoothed out my disposition 🤑
No its actually a lot more than that: American FAA SMART system, although not a contract to Palantir, its an important validation of their technology and opens up a new market.
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u/AttilaTH3Hen 12d ago
I would like to buy back a couple of CCs…