What Did You Buy Today?

[Binary]

(02-16-2021, 11:58 AM)Otter Wrote:

(02-16-2021, 11:17 AM)fenders53 Wrote: Talk to me about PLTR.  I know some of you follow it.  Are we near an opportunity for those who showed up late.

If you are worried about going long, you can now sell the 1/21/22 $20 Puts for $4.76/contract. 24% yield for a LEAP Put that only exercises if a company with 45%+ YoY revenue growth drops 30%+ in a year. 

My current blended cost basis in PLTR is ~$16/share, so if you sold the $20 LEAP Puts, your adjusted entry price in the event of assignment next year would be below my current cost basis. 

I also continue to hold my 1/21/22 $40 calls, as I think we will continue to see lots of volatility in the shares between now and January. Suspect the recent highs of $44 will be breached again in the coming year, which is why I continue to hold the calls.

I also sold a 20 put today, but expiration date is 21 May 2021.