Soyabean89
02-07

$PLTR 20250207 94.0 PUT$  

As a lazy bag holder...

my biggest flaw is not nibble enough...time decay is crazy for options especially those quite distance from strike price if u are small account


So after having thoughts in another platform I learn from the master, soxl Hina, I start to try small first ...

1st sell put was quite stressful as I sell put when the pltr stock move super high while I aimed far below strike price.. means I have limited premium to earn.. ($13 nia...)  wrong timing and the votalitily was used wrongly...


I have to endure up to 800% unrealised loss thanks to the votalitily of reconsolidation of pltr...lucky for me...despite that..the put owner can't assign me  the strike price is far... 

But also thanks to this my margin account become alert as I don't have enough capital to buy 100 unit of pltr at strike price.... I endured 3 nights and finally the put was decay so much my margin recovered and I quickly enter new sell put to test theory during Friday market" dump"...this time using volatility to juice up the put... then aim around 8 dollar distances from the tanked stock price and sell put

..all I have to do wait for Monday market open rebalancing + weekends to decay the puts...



Why sell put and not call? While I haven been assigned yet but theory is.. on top of getting the premium cash upfront to ur account to do other move...if touch wood I get assigned...at least the stock is still mine...not force to give out to others


Disadvantages would be limited earn n margin pocket limits how much sell put I can have...


but hey..I'm not nibble trader...I still want to have easy night rather than glue to screen by seconds n pray the time decay not killing my gain.... Time decayis seller best friend


Ps.. please don't try on crazy votalite stock like nvda or tsla...or during earning period...


Gd luck y'all 

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Comments

  • nomadic_m
    02-07
    nomadic_m
    thank you for sharing. I prefer puts to calls too

    @Soyabean89 you've articulated my experience in selling $Semiconductor Bull 3X Shares(SOXL)$ puts perfectly. sold prior to deep seek saga, premium was meager! and then suddenly it was 1200% paper lost when I woke up in the morning, nearly shit my pants!

    lesson... learn to use volatility & time decay wisely!

    • Soyabean89: 
      yup...inverse action of call option...usually ppl go in call when stock tank... sell put same timing..just that the mechanism is different...time is your best friend [Happy]
  • nomadic_m
    02-07
    nomadic_m
    thanks for sharing your experience. I'm learning sell puts too. and prefer it over calls
    • Soyabean89: 
      ya.. worst come to worst we still have the stock on hand rather than buy at loss and sell at loss lol.. somemore your margin will be tied triple whammy

      but I have to say...everyone is genius during bull market... which I think we are at...maybe mini bull

  • Sandyboy
    02-07
    Sandyboy
    Haha $Palantir Technologies Inc.(PLTR)$ is as volatile as Nvidia if not more of late
    • Soyabean89: 
      in a bullish way...nvda too much political movement...like deepseek china chip ban etc... pltr is mainly gov based project... more muted... but that's my view.

      tsla is really Elon effect...shares better... beside I can't afford it for margin haha

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    02-08 02:23
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  • Magus007
    02-07
    Magus007
    Ya avoid earning period 🙏🏻
  • Soyabean89
    02-07
    Soyabean89
    ps y'all... the pltr call are call option buy...not sell call... those put are sell put
    • Soyabean89: 
      nver sell call unless u sure we in bear market
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