Saturday, September 07, 2024 10:53:23 AM
As much as Mr Karp loves a squeeze, I don’t expect one here. While all the put options betting on non-inclusion will be destroyed, we are already at highs for the year. Make that the last three years. I remember selling a February call in 2021 with a strike price of 46 and I got 4.70 for it. That must have been on the day it spiked . We have been looking for it to revisit 40 ever since.
What could hold us down now? Back then, we had price discovery, speculation on a bright fresh face, with no pesky P/E ratio to worry about, because it wasn’t profitable yet. Now we have positive earnings and a ratio to go with them, and, yeah, that sucker is kind of high. Not to mention a lot of macro headwinds. History says Fed rate cuts, as welcome as they might be, mark the beginning of a recession. Are we recession-proof? And September and October are often brutal, at least one if not both months. Last two years, October has been the low for much of the market. Two years in a row hardly makes a streak, but again, there is much to suggest we are in the season for bargain-hunting, not FOMO.
Having said that, I won’t be surprised if this particular ticker continues to pump. I will adjust to the idea of selling cash covered puts in the low 30’s, instead of the mid 20’s. Feeling pretty good about those cash covered October 32s right now.
Age-old advice: limit yourself to only the worst choices.
Mature advice: when given two opportunities to lose (and lose big), reject both… and go for the Gold. Choose to win.
Recent PLTR News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/15/2024 09:05:47 PM
- Palantir Announces Date of Third Quarter 2024 Earnings Release and Webcast • Business Wire • 10/14/2024 08:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 10/11/2024 08:20:50 PM
- Tesla’s Robotaxi Day; GSK Settles 93% of Zantac Lawsuits; 10x Genomics Stock Drops on Revenue Forecast • IH Market News • 10/10/2024 10:45:48 AM
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 10/09/2024 12:03:22 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/09/2024 12:02:17 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/08/2024 12:05:59 AM
- Starboard Acquires $1 Billion Stake in Pfizer; Rio Tinto Pursues Acquisition of Arcadium Lithium, and More • IH Market News • 10/07/2024 09:49:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/04/2024 10:50:26 PM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 10/04/2024 09:00:32 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 10/04/2024 08:20:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/04/2024 12:09:04 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/04/2024 12:07:23 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/02/2024 11:58:54 PM
- LifeWallet Acquires Assignment of Additional MSP Claims with an Overall Paid Amount Exceeding $10.6 billion Comprised of Over 450,000 Medicare Members and Announces it Secured a Waiver of Acceleration on a Second Loan Agreement in the Event of a Negative G • GlobeNewswire Inc. • 10/02/2024 01:22:17 PM
- Edgescale AI Emerges from Stealth, Partners with Palantir to Launch Live Edge • Business Wire • 10/02/2024 10:59:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 10/01/2024 10:14:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 10/01/2024 08:34:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/28/2024 01:15:25 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/26/2024 12:05:09 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/26/2024 12:03:21 AM
- APA Corporation Expands Partnership with Palantir To Leverage AI Technology Across Their Oil and Gas Operations • Business Wire • 09/25/2024 10:59:00 AM
SANUWAVE Announces Reverse Stock Split, Note and Warrant Exchange, and PIPE Offering • SNWV • Oct 18, 2024 9:31 AM
Vocodia Addresses Recent Stock Price Movement and Future Strategic Partnerships • VHAI • Oct 18, 2024 9:00 AM
Mass Megawatts Announces the Start of an Online Discount Solar Energy Equipment Business with Revenue Recognized for the First Time Since Year 2010 in this Fiscal Quarter • MMMW • Oct 18, 2024 7:32 AM
Unitronix Corp Advances DeFi Innovation with Tokenized Real-World Assets Integration • UTRX • Oct 17, 2024 7:38 AM
Mass Megawatts Commences Solar Energy Sales Efforts • MMMW • Oct 16, 2024 7:45 AM
SANUWAVE Health Announces 1-For-375 Reverse Stock Split • SNWV • Oct 16, 2024 7:40 AM