PLTR Trade on Dec 28, 2020 10:18 from tradelikelarry: Tradervue User Stock Trades.

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Trade Planning:

Daily Chart: Uptrend, Consolidation below ATH.
TTM Squeeze: Daily
Earnings Date: 2/11
IV: 102%
Potential Profit: 452
Potential Loss: $744

Reason For Entry:

Playing the Daily chart, Put Credit Spread. PLTR is in a nice pattern of consolidation below its ATH and we also have a TTM Squeeze on the daily that’s gaining momentum. Watching for a move to new ATH or consolidate at this level by expiration.

Reason For Exit:

Price action held above our profit level at expiration and we collected 100% of the premium +$452

Recap:

The setup was correct as price action was in a pattern of consolidation below its ATH. We also had a TTM Squeeze on the daily which indicates that momentum is building. At expiration, price action held well above our profit level and the Put Credit Spread expired worthless as we collected 100% of the premium +$452.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-12-28 10:18:08	15 JAN 21 23.5 PUT	buy	$1.140	long
2020-12-28 10:18:08	15 JAN 21 24 PUT	sell	$1.340	short
2020-12-28 10:18:08	15 JAN 21 23.5 PUT	buy	$1.140	long
2020-12-28 10:18:08	15 JAN 21 24 PUT	sell	$1.340	short
2020-12-28 10:19:15	15 JAN 21 23.5 PUT	buy	$1.150	long
2020-12-28 10:19:15	15 JAN 21 24 PUT	sell	$1.350	short
2020-12-28 10:19:15	15 JAN 21 23.5 PUT	buy	$1.150	long
2020-12-28 10:19:15	15 JAN 21 24 PUT	sell	$1.350	short
2020-12-28 15:28:57	15 JAN 21 23.5 PUT	buy	$1.090	long
2020-12-28 15:28:57	15 JAN 21 24 PUT	sell	$1.300	short
2020-12-29 09:37:49	15 JAN 21 22 PUT	buy	$0.6800	long
2020-12-29 09:37:49	15 JAN 21 23 PUT	sell	$1.020	short
2020-12-29 09:38:00	15 JAN 21 22 PUT	buy	$0.6800	long
2020-12-29 09:38:00	15 JAN 21 23 PUT	sell	$1.020	short
2020-12-29 09:38:00	15 JAN 21 22 PUT	buy	$0.6800	long
2020-12-29 09:38:00	15 JAN 21 23 PUT	sell	$1.020	short
2020-12-29 09:38:00	15 JAN 21 22 PUT	buy	$0.6800	long
2020-12-29 09:38:00	15 JAN 21 23 PUT	sell	$1.020	short
2021-01-14 12:30:09	15 JAN 21 23 PUT	buy	$0.0400	0
2021-01-14 12:30:09	15 JAN 21 22 PUT	sell	$0.0300	0
2021-01-16 07:58:20	15 JAN 21 24 PUT	buy	$0.0000	0
2021-01-16 10:07:21	15 JAN 21 23.5 PUT	sell	$0.0000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PLTR&trade=24390153&end=20210128&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PLTR&trade=24390153&end=20210128&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PLTR&trade=24390153&end=20210128&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PLTR&trade=24390153&end=20210528&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

PLTR Trade on Dec 28, 2020 10:18 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

Reason For Entry:

Reason For Exit:

Recap:

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