TopOptionAlert
Oct 25, 4:08 AM
$PLTR NOV20 205C · in play
Zone:
$195.37 to
$198.13
Invalidation: close under
$189.42
Objectives:
$209, then
$220
The math: up 6.2% to the first objective and 11.8% to the second, against 3.7% risk on the invalidation, better than 3 to 1 to the second.
Dear friend, picture Palantir after a hard fall to 184 dollars and 45 cents on October 16, then walking back up step by step until Friday closed at 196 dollars and 75 cents. This is a swing, and the reason it matters now is simple: the November 2 report after the close will test whether the government and commercial growth story still holds, and a move back toward the record close at 209 dollars and 5 cents would show buyers are back in charge. If the October 20 low at 189 dollars and 42 cents gives way instead, the plan is wrong and you step aside, but while that floor holds, the road toward 220 dollars stays open.
P.S. Watch 197 dollars and 49 cents first, since a move above Friday high puts the bounce back on track.
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