PLTR Post Earnings Lock Up and More
Updated
Good growth for the long term in earnings, but negative EPS which sucks for the short term. Still bullish on the multi-year horizon, but c'mon, who doesn't love some short-term options. TLDR; BTFD
RSI on the higher time frames has never been more oversold. 3HR & 4HR say the dip is gonna keep dipping, with no signs of reversal yet. I'm really hoping it keeps above $25-$27. There was a head and shoulders and now a double top. Definitely not hitting $40 anytime soon. Might be finding new resistance at the $30 level.
I can't remember what time frame I used to cop weeklies and have them massively yeeted, I want to say on the lower time frames, but I ate a lot of ass this month on weeklies. PLTR is pretty predictable most of the time. If it does some nice 10-20% at the start of the week, it goes negative EOW lmao. I buy calls on Thursday or Friday and sell them Monday or Tuesday. Then I sell calls against my leaps right after. Cash fucking cow. I'm looking to open another leap if IV can go under 100% and maybe an April call, but I'm kinda broke rn. I had a chance to buy a put that would've been up around 200% but I don't like losing to IV even if I'm directionally correct.
Aight so share lock up, 80% float is fucking massive this Friday. Mathematically, any share dilution will cause a dip in price, that's just how stocks work. BUT are the majority of insiders gonna sell all at once? Me thinks not. Plus there was already a massive sell off before and after earnings. Look at QS and SNOW for share lock up price action and timing. To retail investors, the lock up is priced in. Don't forget that ARK scooped up another 1.5 million shares.
Thank god I did some reading before publishing this. Goldman ball Sachs hit it with the $34 PT upgrade. Dipped into -3% at $27 (2/17) as I write this.
RSI on the higher time frames has never been more oversold. 3HR & 4HR say the dip is gonna keep dipping, with no signs of reversal yet. I'm really hoping it keeps above $25-$27. There was a head and shoulders and now a double top. Definitely not hitting $40 anytime soon. Might be finding new resistance at the $30 level.
I can't remember what time frame I used to cop weeklies and have them massively yeeted, I want to say on the lower time frames, but I ate a lot of ass this month on weeklies. PLTR is pretty predictable most of the time. If it does some nice 10-20% at the start of the week, it goes negative EOW lmao. I buy calls on Thursday or Friday and sell them Monday or Tuesday. Then I sell calls against my leaps right after. Cash fucking cow. I'm looking to open another leap if IV can go under 100% and maybe an April call, but I'm kinda broke rn. I had a chance to buy a put that would've been up around 200% but I don't like losing to IV even if I'm directionally correct.
Aight so share lock up, 80% float is fucking massive this Friday. Mathematically, any share dilution will cause a dip in price, that's just how stocks work. BUT are the majority of insiders gonna sell all at once? Me thinks not. Plus there was already a massive sell off before and after earnings. Look at QS and SNOW for share lock up price action and timing. To retail investors, the lock up is priced in. Don't forget that ARK scooped up another 1.5 million shares.
Thank god I did some reading before publishing this. Goldman ball Sachs hit it with the $34 PT upgrade. Dipped into -3% at $27 (2/17) as I write this.
Note
a nice GUH the day before the lock up. ARK scooped up 5 million shares holy shit. And I only copped one 30c 5/21. I might just sweep the 30c, buy the 3/19 & 4/16 calls.
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