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Shortput

Opening (IRA): TLT May 15th -83P... for a .91 credit. Comments: I don't know that I really need more TLT shares, but wouldn't mind picking them up if they're cheap or they reduce my cost basis in the stock aspect of my covered call setup. Here, targeting the 52-week low in the expiry that is paying around 1% of the strike price in credit. This is a bit long-dated, but I don't have much on here, so am fine with hanging out in the trade longer than I would usually. Metrics: Max Profit: .91 ($91) Buying Power Effect: 82.09 ROC at Max: 1.11% Will look to ladder out at the 83 strike, so long as it's paying >1% of the strike price in credit.
NASDAQ:TLTLong
by NaughtyPines
Short PalantirTrading Fam, This will be only the second short I have taken since implementing my new indicator. We are up 250%+ pending exits in just over a year; however, during that time, I have taken long entries only. Now, it's time to test accuracy on the short side. On my NASDAQ:TSLA short (my first ever short entry), we are already comfortably in profits. More to come on that. As far as NASDAQ:PLTR goes, my signal gave me a SELL at $195. As I have been in the habit of waiting for confirmation, I did not enter immediately. Yesterday and today, I believe I have been given the chance for a decent entry. I've entered short at a price of $190 and will shoot for that 200-day SMA at somewhere around $145 for a 2.37 rrr. Let's see how this goes. ✌️Stew
NASDAQ:PLTRShort
by stewdamus