Last weekend's update focused on GLD and the phenomenal results garnered from rolling over calls during an extended price run higher. [Link] Then on Friday I sent out a special alert to the PRO Service highlighting a similar pattern evolving with PLTR, whose options which we were trading more aggressively in that service. The key take away is in the comment below the table: PLTR Options: Pro Service - 2024 Rolling over calls from Jun-Sep-Dec has generated about a 1700% total return over five months. We started in with PLTR a little later in the Premium Service, but with just two entries so far since mid-July, PTLR calls are up nicely as the shares continue on their upward trajectory: PLTR Premium Service - 2024 We added the Jan 17th $40C in Wednesday's mid-week update. Discussion As an example of the exponential power of rolling over options to more leveraged strikes as the stock rises, had the entire PLTR position from July 15th $30C initial entry been rolled over to the $40C with Wednesday's Mid-Week Update, the total return for the combined position since initial entry would be +321.84%. With this kind of gain, trade management alternatives include taking half off now, reducing risk significantly, while keeping capital well positioned for what the chart suggests are much higher gains for PLTR into next year. However, as we saw with GLD last weekend, simply riding winners can have exponential benefits. I am in no hurry to cash out of PLTR calls now, but do still recommend a protective trailing stop on part or all of a position on any 50% drawdown from Best Return levels. We never know where the big winners will be coming from in either service and as much as I have all but prayed for a market crash to bail out stock index puts bought earlier in the summer, our picks in GLD and PLTR, have been knocking it out of the park. I expect we might have a similar opportunity this winter with Bitcoin and BITO calls, but that rally, if its real, is still in its infancy and not yet confirmed with a pattern recognition set-up. The target for Bitcoin based on its EW count is well above $100K in the months ahead, with BITO well up into the $20's, or even $30's. With PLTR calls we weren't aggressively long until May of this year, around the time of a Wave 2 bottom, looking to enter in early stages of the third wave, and yet still have generated substantial percentage returns. PLTR 2024-2025 The up arrows correspond with option Alerts sent out first in the PRO Service, then in the Premium Service and continuing as recently as last week as we track what appears to be a third wave up to much higher price projections. Bitcoin This EW count assumes that a new leg up has begun, which will soon have us buying BITO calls for a run-up in Bitcoin into the $100k's. BITO Wave 5 should take out the Wave 3 high at $33.79 in March, 2024. If Bitcoin is up this week, look for an entry into BITO calls an afternoon update around mid-week. Otherwise, stand aside. BITO Calls: PENDING... PENDING...Confirmation in an upcoming update this week. At the BITO Fib extension target of $38 (see chart above), the $18C is worth $20.00, about a 15X return. The Exponential Power of Options The table above is from last weekend's update of GLD trades in this service YTD. This weekend we focused on PLTR with 1700% returns in the PRO Service, and potentially 321% returns on two trades, July 15 and Oct 2nd, in this Premium Service. We are also setting sights on catching a run in Bitcoin, offering potential for anywhere from 7X to 15X returns on BITO calls. However, never lose sight of the fact pointed out above, that, "we never know where the big winners will be coming from in either service." What is almost a certainty is that our system modeling and option trade management will uncover multiple opportunities throughout the year for exponential option returns and after all of my decades of trading options, four going on five, I am emphatically certain that exponential returns is the only reason to be in this game. If you agree, you are in the right place, as there is not a better source of trades seeking said returns, anywhere, or at any price. PLTR: IPO-to-Date From a post $10.00 IPO low of $5.92 in Dec, 2022 to $40 in less than two years. Now what?
