Currently a Strong Bearish Trend on PLTR
Updated
Bounced off $22, let's see if PLTR can hit $25. If it breaks out of $25 I might establish a long position. If not, I'll wait for a drop to about $20-$22 or so. At least it's the whole market that is down, not just PLTR. With all the drone strikes going on in Syria, it's a little ugly for me to say this, but I'm bullish on PLTR for conflicts in the middle east.
Note
YA GURRLLLLL Cathie mother fucking Woods bought 2.5 mil shares and like 800k shares in two separate ETFs. Potential PT on the temporary spike: ~$28
PLTR is prolly gonna fade after like it always does. Kinda sucks but at least it's predictable. You know the drill, buy calls on the open, when they hit, take profits and then sell calls against my other leaps and shares.
Might fuck around and use an options profit calc or black Scholes equations to set limit orders.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.