PLTR reported stellar earnings after the close yesterday and is down 15% this morning, go figure...a gift. This is a $100 stock in two years, so buying it in the low 20's is a no brainer. Options are a little trickier, but let's soften the risk by splitting calls into two expirations, Jun (45 days) and Sep (136 days) and buying just out-of-the-money strikes ($22). We are looking for 3-5X between the two long positions, expecting on rolling over for another 5X into early next year. Alternatively, buy the shares as a long term buy and hold (stop on close < $15). PLTR Earnings Overview PLTR Initial Target: PLTR > $31 Jun $22 Call Target: > $5 Sep $22 Call Target: > $10 Stop: Close PLTR Close < $20 or 50% trailing stop on calls.
