Palantir Keeps Going

$PLTR

I’ve posted much about PLTR 0.00%↑ since I started using this forum to organize my thoughts and ideas.

PLTR 0.00%↑ is up to 30% of my portfolio on this weeks move, a level I’m not keen on maintaining. Nonetheless, I’ve been using the sale of short dated call spreads to provide some optionality. The stock continues to blow past those, increasing my unrealized holding, and creating a realized loss on the spreads. I will continue to roll these types of trades up until this momentum slows down. While I would like to decrease my aggregate exposure given the concentration, this isn’t an environment where I want to sell a stock making new highs. Implied vol on PLTR 0.00%↑ options remains decent for using option spread sales to generate income.