1st may strategy : Earn $10 a day or so ! Selling pltr put options at low beta at strike price $74 to $80
The “One Meal” Strategy: Small but Tasty Profits
From my trade log:
• April 23 Sell 80 Put @ $0.30
• April 28 Buy 80 Put @ $0.06 Profit: $24
• April 28 Sell 74 Put @ $0.52
• April 30 Buy 74 Put @ $0.33
→ Profit
: $19
• April 30 Sell 74 Put @ $0.40
• April 30 Buy 74 Put @ $0.31
→ Profit: $9
• May 1 Sell 75 Put @ $0.79
(still open – unrealized profit)
i already made $52 in realized profits just from these round trips — that’s 5 meals, or even a fancy dinner.
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Why This Works:
1. You Trade Around Expiry Volatility: Your entries are well-timed, close to expiry, when premium decays faster.
2. Quick Reversal Mindset: You don’t hold for max profit. You scalp and exit, banking gains consistently.
3. Strike Flexibility: You use various strike prices (74, 75, 80), adapting to PLTR’s price movement.
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Tips to Continue: what my inner mind says
• Track Total Monthly Profit: Even $5–$10 per trade adds up. A simple spreadsheet can help quantify monthly side income.
• Watch Bid/Ask Spreads: Tight spreads let you get in/out more efficiently, improving your edge.
• Protect Against Gaps: Since you’re shorting puts, sudden drops in PLTR could hurt. Always stay alert for earnings or news . Although chances are with me that pltr stays above $80
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