Palantir Technologies Inc (PLTR)

[GreedyAgorist]

Swing of 12.75 today is a new record, I think. And people want to bad-mouth this stock. Good grief. What is not to like with this volatility? I know this website isn’t called Day Traders Hub, but don’t tell me there are no speculators here, just long-term holders. (Why would they need to be checking bulletin boards? Just buy and hold until this starts splitting and paying a dividend. Set it and forget it.)

Me, I want to hold a core and play with the rest. Somebody once said not to get emotional about any stock.* If you are feeling a lot of FOMO, maybe it is time to sell a covered call to someone who is feeling it, too. Let that FOMO work for you. If I sell, it will be at a high strike and with a fat premium, at least 10% of the strike price, plus a little extra to cover the next commission. That way you can buy it back for a song when expiration nears; you don’t want to get burned by a six point move against you on the last day of the contract. Ouch! (Never happened to me, but I know a guy...)

: - )

*Who was that?