Sold PLTR put spread

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.

Took a trade on PLTR today after noticing a strong buy signal supported by solid volume. I’m still bullish on the overall sentiment surrounding the company despite the elevated P/E ratio and aggressive forward estimates.

With the number of government contracts they've secured and how well the company aligns with the current U.S. political and defense outlook, I don't see why PLTR can't retest previous highs or potentially break into new highs over time.

That said, I may be early on the bullish thesis, so I wanted to structure the trade with risk in mind. Opened a 05 June 120/118 put credit spread for a $0.40 credit — targeting roughly a 20% ROI over the next three weeks.

I may close the position earlier if the stock shows a strong upward move before expiration.

@Madluvyz — Specialist in combining FA and TA for options selling and swing trading.[举爪]

Modified in.02:00

💰Stocks to watch today?(15 May）

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I’m still bullish on the overall sentiment surrounding the company despite the elevated P/E ratio and aggressive forward estimates.</p>\n<p><br></p>\n<p>With the number of government contracts they've secured and how well the company aligns with the current U.S. political and defense outlook, I don't see why PLTR can't retest previous highs or potentially break into new highs over time.</p>\n<p><br></p>\n<p>That said, I may be early on the bullish thesis, so I wanted to structure the trade with risk in mind. Opened a 05 June 120/118 put credit spread for a $0.40 credit — targeting roughly a 20% ROI over the next three weeks.</p>\n<p><br></p>\n<p>I may close the position earlier if the stock shows a strong upward move before expiration.</p>\n<p><br></p>\n<p><b>@Madluvyz — Specialist in combining FA and TA for options selling and swing trading.<a href=\"\"><span>[举爪]&nbsp;</span>&nbsp;</a></b><span></span></p>\n<p><span></span><span></span></p>\n<p><span></span></p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/160895e4b4b182e8d500899181f51955\"><img><span></span></p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/8fc2ef6b6639422253cb8b6b97c4957e\"><img><span></span></p>\n<p><b></b></p></body></html>","htmlText":"<html><head></head><body><p><b>Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.</b></p>\n<p><br></p>\n<p>Took a trade on PLTR today after noticing a strong buy signal supported by solid volume. I’m still bullish on the overall sentiment surrounding the company despite the elevated P/E ratio and aggressive forward estimates.</p>\n<p><br></p>\n<p>With the number of government contracts they've secured and how well the company aligns with the current U.S. political and defense outlook, I don't see why PLTR can't retest previous highs or potentially break into new highs over time.</p>\n<p><br></p>\n<p>That said, I may be early on the bullish thesis, so I wanted to structure the trade with risk in mind. 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Please do your own due diligence before making any investment decisions. Took a trade on PLTR today after noticing a strong buy signal supported by solid volume. I’m still bullish on the overall sentiment surrounding the company despite the elevated P/E ratio and aggressive forward estimates. With the number of government contracts they've secured and how well the company aligns with the current U.S. political and defense outlook, I don't see why PLTR can't retest previous highs or potentially break into new highs over time. That said, I may be early on the bullish thesis, so I wanted to structure the trade with risk in mind. Opened a 05 June 120/118 put credit spread for a $0.40 credit — targeting roughly a 20% ROI over the next three weeks. I may close the position earlier if the stock shows a strong upward move before expiration. @Madluvyz — Specialist in combining FA and TA for options selling and swing trading.[举爪]","highlighted":1,"essential":1,"paper":2,"likeSize":12,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/564185320518792","repostId":0,"isVote":1,"tweetType":1,"viewCount":233,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["PLTR"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":839,"optionInvolvedFlag":true,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/564185320518792"}