Palantir Needs A Breather

$PLTR

PLTR 0.00%↑ opened up at (another) ATH, and has sold off since the bell rang.

I continue to write call spreads on this name, as a means to generate income if/when the stock stops going up everyday. These spreads are closed at losses when the stock clears my strike price, though those losses are offset by unrealized gains in my shares of the stock. Betting against this stock has been a fools errand, but risk managing with insurance trades can be a way to manage it, and I expect today’s action may be the market saying enough for this year.