To The Moon

⸻

I recently completed a full cycle of the wheel strategy using Palantir Technologies (PLTR), and here’s how I structured it step by step — along with the exact profits I earned.

⸻

🔁 Step 1: Sold a Cash-Secured Put

On June 30, 2025, I sold a PLTR PUT contract with a $138 strike price, expiring July 3, 2025. For this, I received a premium of $3.16 per share, totaling $316 in upfront income.

Since PLTR dropped below $138 at expiration, the put was assigned, and I was required to purchase 100 shares of PLTR at $138 per share. However, thanks to the premium received, my effective cost basis was lowered to:

$138 - $3.16 = $134.84 per share

⸻

📈 Step 2: Sold a Covered Call

Immediately after assignment, I moved to the second part of the wheel: I sold a PLTR CALL option with a $140 strike, expiring July 11, 2025. For this call, I received a premium of $1.21 per share, earning another $121.

⸻

💰 Final Outcome: If PLTR Is Called Away

As of now, PLTR is trading at $138.80, slightly below the call strike. If it rises above $140 and my shares are called away at expiration, I will sell my 100 shares at $140, and my total profit will be:

• Sell proceeds: $140 × 100 = $14,000

• Call premium collected: $121

• Total income: $14,121

• Cost of 100 shares: 100 × $134.84 = $13,484

• ✅ Net Profit: $14,121 – $13,484 = $637

⸻

🧠 Why This Strategy Works for Me

This is a textbook execution of the wheel strategy:

1. I got paid to buy a stock I like (via the PUT).

2. I lowered my cost basis through premiums.

3. I then got paid again to potentially sell it higher (via the CALL).

Whether PLTR gets called away or not, I’ve already locked in $437 in real cash premiums. If the shares are called at $140, I’ll walk away with $637 in total profit, and I’ll be ready to restart the wheel by selling another PUT.$Palantir Technologies Inc.(PLTR)$ 

This strategy helps me consistently generate income while building long-term equity in companies I believe in — and with PLTR’s volatility and growth, it’s a perfect 

@CaptainTiger @Daily_Discussion @CaptainTiger @Wrtd @TigerEvents @MillionaireTiger