Our "just in case" PLTR calls go off the board on Friday and we have no choice to but to rollover the +289% calls and keep this massive run in PLTR going. Nothing spells success like having a 50% drawdown in the stock, the calls surviving and going up almost 4X before expiration and almost 25X from its early April low tick. Let's dig a little deeper, because even if you exited the PLTR calls in their entirety during the drawdown, we have seen this kind of action before, meaning its likely happen again in one of our runners (read: TSLA). *On January 31st we bought these calls for $770 each. (Link) *They reached a high of $3,230 on Feb 19th. *Two days later the 50% trailing stop kicked in around $1,500. *On April 7, low tick was $139. *Two days before expiration they are back up to $3,000, each. Ideally, the trade would have been exited via the 50% trailing stop @ +120%, holding a "token" position into expiration, which is now worth $3,000, about 4X what was initially paid on Jan 31st and about double the amount garnered from the trailing stop. Alternatively, just buy 1/2 position on Jan 31st, so no matter what happens on the trade you can't lose more than 50%, and don't look at it again until expiration, or now...happily seeing you are up 289%, albeit on only half a normal position. Easier said than done, yes, I know, ergo, use trailing stops and token remainders, which in this case, are being rolled over before Friday. Rollover (or new position) Instructions Whether holding PLTR calls from Jan 31st, or not, rollover or initiate new position in Jun $140C: PLTR Jun Expiration Use 50% hard stop, move to break-even on +50% and finally, if and when +100%, initiate a 50% trailing stop. PLTR 120 Minute May 13th: Wave 5 Buy Signal & Post Earnings Pump TSLA Updated
