PLTR has risen too much and lacks short-term catalysts; expects price to move sideways.
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I was one of the first investors in Meta, just as I was in Palantir, Nvidia, AMD, Bloom Energy, and many more on my channel. You can watch all my old videos , and you'll see that I was right about most of my bets.
It's very similar to my trading in Palantir. I bet on Palantir when the price was $109 per share not too long ago , and I was telling everyone in my community that you should buy this stock.
And on YouTube, I was saying the same thing. But many people missed the opportunity. We made a lot of money from Lips options.
Now, given Palantir's current situation, I think it will be very similar to what will happen with Meta. Once the stock has already risen too much , in the short term, there will be no additional driving winds.
There are no longer any driving forces to push the stock to higher levels. Therefore, I think the stock will move sideways. For this reason, I am more interested in the "wheel" strategy.
I am more interested in selling covered option contracts. I am not as interested as I was in having "lips" options. I will be making profits from "Lips" options.
What this channel has said about $PLTR
Invest with Henry has 5 calls on this stock; only the adjacent ones are shown.