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How I Earned $70+ in One Day Using a Covered Call Strategy on PLTR

On December 9th and 10th, I leveraged Palantir’s (PLTR) price drop from $82 to as low as $70 by actively managing covered call options. A covered call strategy involves selling call options against shares you own, aiming to generate premium income while limiting risk. Here’s how I executed my trades:

1. PLTR $90 Covered Call: I sold an October 2025 $90 call for $13.95 on December 9 at 11:45 PM and bought it back for $13.89 at 11:46 PM. This quick trade secured $6 in profit per contract.

2. PLTR $100 Covered Call: I sold an October 2025 $100 call for $11.08 on December 9 at 11:57 PM and repurchased it for $10.65 on December 10 at 12:03 AM, earning $43 per contract.

3. PLTR $95 Covered Call: I sold an October 2025 $95 call for $11.67 on December 10 at 12:05 AM and bought it back for $11.38 at 12:08 AM. This trade locked in an additional $29 in profit per contract.

Altogether, these trades yielded a total profit of $78 in just a few hours.[Smile]  

This strategy worked because I actively monitored the market, executing trades quickly to capitalize on PLTR’s significant intraday volatility. By using a covered call approach, I mitigated risk since my trades were backed by the shares I own, ensuring I retained exposure to PLTR while generating premium income.

Disclaimer:

Options trading carries significant risks and may not be suitable for all investors. Covered calls, while generally conservative, still have risks if the stock moves sharply. Always evaluate your financial situation and consult with a professional before trading.

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