PLTR - Buyers incoming

アップデート済
Stimulus incoming. Deutsche banks survey suggests millennials plan to invest about 50% of the next stimulus in stocks.

The millennials may go for companies they are aware of and love (aapl, msft, dis). But I believe, they may get curious about stocks like PLTR, STPK and others that have a lot of positive news behind them and are priced a lot cheaper than the big guys as $ per share. Would you buy 1 share of Amazon @ 3000, or a mix bag of growth, tech and green energy stocks for $3000?

I feel PLTR is a great pick for a swing trade in this situation (and I believe it's a great stock for a long term play too).

If weakness continues this week, we may see this stock at $18. Although, the market sentiment is gradually relaxing in my opinion.

My swing setup:
Entry $22.5 - 23.5
Profit target 1: $27
Profit target 2: $30
Stop loss: $17.5 ( add a stop loss only if you don't want to hold it long term. I personally see $18 as a very strong support)

My options / long term setup:
I have already sold puts on PLTR at the $27 strike price. Here's the trade if you want to take it today:
If you go for the $27 strike price, expiring in June, you will collect a premium of around 750$ (sell $27 puts). This means, if by June expiry PLTR is still below $27, you have to buy 100 shares of PLTR for a price of $19.5 per share (($27 X 100shares) - 750). If you get PLTR at that price -- congrats.
If the price of PLTR is above $27 in June, well, congrats again, you keep the $750 premium you received and can probably buy 25 odd shares of PLTR for that free money you collected.

Good luck traders!


ノート
Note the $30 resistance is critical to break out of in the near term. If PLTR re tests that level but pulls back, it may possibly be forming a Head and Shoulder...
Watching closely if this happens.
Trend Analysis

免責事項