Posts  / PLTR  / #POST-001952
REDDIT

PLTR LEAPS calls with 1,400% gain

B
Feb 16, 2025 · 18:22

Good afternoon! I have fifteen June 20, 2025 25 Call options that have gone up 1,400% (avg. cost basis: $6.50) and are now in the long term gains territory. I am very bullish on PLTR long term, but do think that a minor correction/profit-taking is around the corner, given that the past few days of gains have been made on a lower trading volume.

Considering this outlook, would the best move be to sell some/all of my calls and have some dry powder ready to deploy when PLTR drops?

I should mention that, in addition to these 15 calls, I also own 1,000 underlying shares.

Thanks!