Friday Feb 5
PLTR is a data mining and analytics technology company, it helps companies integrate and analyse their various diverse data sets to help make sense of complicated data. Palantir streamlines decision making based on data analysis. The company helps with search functions and is heavily involved in the security industry. PLTR has links to law enforcement agencies such as the FBI, CIA, police and Department of Defense.
Palantir has signed a number of important contracts recently with Rio Tinto (RIO), Proctor & Gamble (PG), California Electricity grid, UK’s NHS and US Army’s TITAN program.
PLTR popped in the pre-market on the BP news and on the D chart we have a fresh reversion to the mean and a few days of basing -- with earnings coming up in 11 days. Got into the $32 calls for next week at open and we quickly pulled back to AH levels before ripping through PM high and breaking into our previous ATH level of $33.55 and testing the top of the zone. We never even broke the 5m 8/21 EMAs and I locked when we tried to break the $34 - $34.2 supply zone a few times but failed. Locked in +40% on PLTR today (50% of my $32 calls for next week).
Sold (15) 34/30 PCS for Feb 19 at $2.18 credit . Risking $2.7K for $3.3K max profit here. Then JC also decided to put 12% of his account in the $30c and $40c for week of earnings, decided to layer up and add the $40c to this position too since its 120% of JC's standard position size and the OTM calls will be offset by rising IV as earnings approaches.
The 1h squeeze fired for 2 hours which triggered a 2h squeeze that lost momentum and we broke through the zone and tried to clear the $34.96 key level but started to fade soon after and even lost VWAP and came into the 5m cloud, but held it decent for the rest of the trading session.
Added $40c on the pullback for 2/19 but continued to hold the 5m cloud and the $33.55 level with decreasing selling momentum. I like the close above the prior ATH of $33.55. Today we cleared the 30m cloud and are basing on the 1h cloud. 2h/4h cloud top is above at $37.72 and $36/$35. If we can squeeze between these 2 zones the next few days I think we can explode and push through the 4h cloud which begins to thin. 4h squeeze is also showing a fresh teal momentum bar for possible new buying momentum.
Flow today was very mixed with ITM puts coming in after earnings.
Trimmed positions for a nominal loss to lighten up before the weekend. Positions as of close:
Mon Feb 8
Was not expecting this news to come out, but this was not something planned so locked up most of my positions near open.
Closed $32c at $5.75 (from $2.19 credit - 262% return)
Closed $34/30 PCS at $1.40 (from $2.18 credit - 45% max profit)
Closed 70% of $40c at $3.30 (from $1.90 debit - 174% return)
Holding 3 $40c for next week sitting at $150% 3 hours into the session.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-05 09:31:10 | FEB12 21 32 CALL | buy | $2.190 | long |
2021-02-05 09:31:10 | FEB12 21 32 CALL | buy | $2.190 | long |
2021-02-05 09:31:48 | FEB12 21 32 CALL | buy | $2.250 | long |
2021-02-05 09:55:24 | FEB19 21 34 PUT | sell | $3.970 | short |
2021-02-05 09:55:24 | FEB19 21 30 PUT | buy | $1.790 | long |
2021-02-05 10:05:49 | FEB12 21 32 CALL | sell | $3.110 | long |
2021-02-05 10:05:49 | FEB12 21 32 CALL | sell | $3.110 | long |
2021-02-05 10:19:42 | FEB19 21 40 CALL | buy | $1.900 | long |
2021-02-05 10:19:42 | FEB19 21 40 CALL | buy | $1.900 | long |
2021-02-05 10:19:42 | FEB19 21 40 CALL | buy | $1.900 | long |
2021-02-05 10:19:42 | FEB19 21 40 CALL | buy | $1.900 | long |
2021-02-05 15:30:26 | FEB19 21 30 CALL | buy | $5.450 | long |
2021-02-05 15:30:26 | FEB19 21 30 CALL | buy | $5.450 | long |
2021-02-05 15:42:52 | FEB19 21 30 CALL | sell | $5.400 | long |
2021-02-05 15:42:52 | FEB19 21 30 CALL | sell | $5.400 | long |
2021-02-05 15:42:52 | FEB19 21 30 CALL | sell | $5.400 | 0 |
2021-02-05 15:43:01 | FEB19 21 40 CALL | sell | $1.840 | long |
2021-02-05 15:43:02 | FEB19 21 40 CALL | sell | $1.840 | long |
2021-02-05 15:43:05 | FEB19 21 40 CALL | sell | $1.840 | long |
2021-02-05 15:43:05 | FEB19 21 40 CALL | sell | $1.840 | long |
2021-02-05 15:43:05 | FEB19 21 40 CALL | sell | $1.840 | long |
2021-02-05 15:43:05 | FEB19 21 40 CALL | sell | $1.840 | long |
2021-02-08 09:30:53 | FEB12 21 32 CALL | sell | $5.750 | 0 |
2021-02-08 09:31:29 | FEB19 21 40 CALL | sell | $3.300 | long |
2021-02-08 09:31:29 | FEB19 21 40 CALL | sell | $3.300 | long |
2021-02-08 09:33:10 | FEB19 21 34 PUT | buy | $2.340 | short |
2021-02-08 09:33:10 | FEB19 21 30 PUT | sell | $0.9400 | long |
2021-02-08 09:33:10 | FEB19 21 34 PUT | buy | $2.330 | 0 |
2021-02-08 09:33:10 | FEB19 21 30 PUT | sell | $0.9300 | 0 |
2021-02-09 09:46:18 | FEB19 21 40 CALL | sell | $3.200 | 0 |
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