TopOptionAlert
Oct 24, 12:17 PM
$PLTR NOV20 205C · still actionable
Zone:
$195.37 to
$198.13
Invalidation: close under
$190.57
Objectives:
$205, then
$212.94
The math: up 4.2% to the first objective and 8.2% to the second, against 3.1% risk on the invalidation, better than 2 to 1 to the second.
Dear friend, picture a workshop that took a hard knock on Friday morning and still closed the day in the green. Palantir fell to 190 dollars and 57 cents and finished at 196 dollars and 75 cents, which tells you buyers stepped in at the low instead of waiting for a better price. The third quarter report lands November 2 after the close, and this November 20 call runs past that report, so you are positioned before the answer instead of chasing after it. This is a swing back toward the recent highs, with a clear line at 190 dollars and 57 cents that says the idea is wrong if it closes under it.
P.S. Watch 202 dollars and 63 cents, the October 22 high, because a close over it puts the slide behind it.
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