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TopgOptions
Feb 3, 2024 12:54 PM

PLTR Palantir Technologies Options Ahead of Earnings Long

Palantir Technologies Inc.NYSE

Description

If you haven`t bought PLTR ahead of the previous earnings:


Then analyzing the options chain and the chart patterns of PLTR Palantir Technologies prior to the earnings report this week,
I would consider purchasing the 19usd strike price Calls with
an expiration date of 2024-3-1,
for a premium of approximately $0.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.


Trade closed: target reached

PLTR traded at $22.18 after earnings, and the Calls went up from $0.73 (when I wrote this article) to $3.25 at the close today (even higher intraday!!), for about 4.38X gain!
Congrats to those who bought the calls!
Comments
BelaK
This would be a Wave B of 2 move up to $19, no?
TopgOptions
@BelaK, probably to $20-21 by the end of March.
BelaK
Do you think there is another leg down after that for Wave C?
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