I opened $MRVL 20240503 72.0 CALL$ ,🎡 wheeling MRVL this time. Noted a strong negative gamma at 70 but not much more above that. This is indicative of a price pull to 70, but price may lack conviction to move further up in the next week. So experimenting with a covered call at 72, a little lower than my cost basis to try and capture more premium. Let’s see if this experiment pans out well next week. 🤞
I opened $Palantir Technologies Inc.(PLTR)$ ,I bought more pltr shares as I am selling calls Selling calls is like a insurance company selling safety and security And the coverage is able to give them the assurance they can buy at the sell call price even if the stock rises up a lot is a question between giving up potential gains vs getting regular premiums
I opened $Palantir Technologies Inc.(PLTR)$ ,Buying more pltr to dollar average up today as more news that pltr is getting more protects and as share holder I will most likely profit from it nicely