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Options Trader
Basic Strategies for Big Profits in Any Market

Buy Call PLTR

November 14, 2023
Sell a Third of Existing Position: Sell a Third of your PLTR April 19 Calls for $3.70 or more.

PLTR is breaking out to a new recent high today. Let’s stick to the plan, lock in a profit of approximately 20%, and then go for the home run on the balance of the trade.

To execute this trade you need to:
Sell a Third of your PLTR April 19 Calls

As is always the case when we take partial profits, we hope this sale today is a big mistake and the stock and option trade much higher in the weeks/months to come.

Please note, option activity remains red hot in PLTR. That being said, I’m going to stick to the system and take partial profits today.

November 3, 2023
High Risk/High Reward Trade: Buy the Palantir (PLTR) April 19 Call (exp. 4/19/2024) for $3.50 or less.

The market is potentially getting back in gear, and option activity heated up yesterday. This is a good first step.

Let’s add some bullish exposure via a call buy in Palantir (PLTR) which surged higher on earnings yesterday and attracted a ton of call buying, including this trade:

Buyer of 12,000 Palantir (PLTR) December 21 Calls for $0.45 – Stock at 18.

Please note, PLTR is a wild stock, and should the market and growth stocks fall yet again, this PLTR trade will very likely fail. For that reason, I am labeling this call buy as a “High Risk/High Reward” trade. Though of note, I am buying my full-sized position.

To execute this trade you need to:
Buy to Open the PLTR April 19 Call.

The most you can lose on this trade is the premium paid, or $350 per call purchased.

As noted above, we are taking a somewhat speculative shot that the market is going to get back in gear. However, if the sellers once again take over, PLTR will almost surely fall with it and potentially quickly.

Essentially, this is either going to be a wildly successful trade or it will fail and we will take a loss. Should be “fun”!

Position (Original)
PLTR April 19 Call
Position Strategy
Buy Call
Opened Date
November 3, 2023
April 19, 2024
Net Price
Jacob Mintz is a professional options trader and editor of Cabot Options Trader. Using his proprietary options scans, Jacob creates and manages positions in equities based on unusual option activity and risk/reward.