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Investing Newsletter

Looking for Premium in Palantir Technologies

Good afternoon Titans!

The wheel strategy has been going on PLTR for awhile now. Currently, I am assigned 100 shares and my adjusted cost basis on those shares is actually negative, but just barely at ~-.13.

Today I closed a 22.50 put option that expires tomorrow and I have one more at the 24 strike that also expires tomorrow that I will try to close or roll down and avoid any losses on the trade.

Today the market looks stable and so we'll take a look at PLTR and find a put option to sell and add to the Horizon list.