"Into The Close" has become a staple to our weekly content, to go along with the Mid-Week and Weekend Updates. Initially, I wanted to give a heads-up to subscribers as to what to expect early in the week ahead, to be further detailed in the coming Weekend Update. Now, Into The Close has evolved into content of its own, for whatever may happening on any given Friday, and of course, what to expect for the next trading day, i.e., Monday. As for today, the Premium Service has three unexpired and very profitable option positions in a stock that reports earnings after the close on Monday. In other words, we have a perfect storm of content for another Into The Close on this final day of January, 2025. PLTR reports earnings Monday after the close of trading. Below is a chart with the last year of earnings reports reflecting subsequent price action. As you can see, just like TSLA, earnings seem to coincide with ends of corrective waves. Will it continue into March expiration for which we own calls? Probably, although not a sure bet, as by now some of you have already spotted the makings of a potential double top, as well as with today's new high, the minimum requirements of five completed waves up. PLTR - Earnings Average post-earnings gain = +74.75% If next quarter is "average," PLTR rises to $148 by May Expiration Current Unexpired Positions - Premium Service Trade Management 101 No reason to be overloaded with multiple positions going into earnings, just in case that is a double top we're looking at in the chart above. A good time to do three things: (1) Take profits in one, two, or all of the above; (2) bank at least half of gains; and, (3) rollover remainder of proceeds into further out, in time and price, calls. This will lock in profits and reduce exposure, while at the same time maintaining a long position in PLTR, giving additional time for the projected move to unfold, over the next 105 days. May 16th Expiration Price target is $136-148 and if reached by May expiration, highlighted calls are up 5X to 7X.
