PLTR likely to squeeze up into an ascending megaphone thru March
Fundamental thesis of the stock's decline is related to disappointing earnings, ARK fund outflows, and possibly the Biden administration's less friendly attitude toward some Palantir clients.
Technically, the stock is in a descending wedge, and an escape upward in the next few weeks would put it into the ascending megaphone and/or channel.
I am aggressively selling puts at $20, $22, and $24 strikes, and buying calls at $30 strikes.
Technically, the stock is in a descending wedge, and an escape upward in the next few weeks would put it into the ascending megaphone and/or channel.
I am aggressively selling puts at $20, $22, and $24 strikes, and buying calls at $30 strikes.
Comment:
In the session of Feb 25, PLTR clipped and bounced from the lower, blue trend line!
Comment:
Weekly $24 puts are your high-stakes lotto play.
Comment:
PLTR has decisively broken the wedge to the downside.