TopOptionAlert
Oct 24, 5:56 AM
$PLTR NOV06 205C · still actionable
Zone:
$195.40 to
$198.10
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 2.5 to 1 to the second.
Think of Palantir like a runner who already knows the race is in nine days and is just waiting for the starter pistol. Earnings land November 2 after the close, Citi just lifted its target to 250, and the stock is sitting only about 8% under its all time high with Friday printing around 3.5 billion dollars of volume, which means the crowd is already gathering. That 205 strike is the first patch of open ground above us, and a real beat with a strong guide could carry this back toward the 212.94 high in a hurry. This is a swing, and the idea is to be positioned before the report, not chasing after it.
P.S. Watch the 200 round number first. It is the door the stock has to walk through on the way to the high.
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