Quote (RatM @ Oct 26 2021 10:01am)
I have been flipping PLTR a bit this year, meant to buy more this month in the mid 23s but forgot until I saw this thread :lol:
That was my plan but I've been worried about missing out on the moonshots. So instead I've been waiting until it tops and selling covered calls ATM and rolling them down as it drops.
So the last run up when it hit 29 I sold some CCs at 28, 27, 26, etc. as it rolled back down and bought the 23 calls back when it stabilized.
This run up if it keeps with the higher-highs trend will top around 31-33, so if it hits 33 or above I'll start selling OTM calls.