Singkat
Palantir: Betting on a Drop Below $23 with Put Options
In recent weeks, Palantir Technologies (PLTR) has shown significant growth, reaching a key resistance level at $25. However, despite attempts to breach this level, the price failed to sustain above it, indicating potential buyer exhaustion and the possibility of a correction beginning.
Trading volume analysis confirms the lack of strong buyer pressure at current levels, making a pullback scenario likely. The key support level is at $23, and breaking below it could accelerate the price decline.
Considering the expected correction, I am looking at a strategy using bearish put options with a weekly expiration. This will limit potential losses while offering the opportunity to profit from a decline in shares below $23.
The strategy involves selecting options with a potential profit-to-risk ratio of 1 to 1.88, which is attractive from a capital and risk management perspective.
In conclusion, key factors to monitor will be the price dynamics relative to the $25 level and changes in trading volumes. Any signs of weakening buyer interest could serve as confirmation of the beginning of the correction and a signal to enter a bearish position through put options.
Trading volume analysis confirms the lack of strong buyer pressure at current levels, making a pullback scenario likely. The key support level is at $23, and breaking below it could accelerate the price decline.
Considering the expected correction, I am looking at a strategy using bearish put options with a weekly expiration. This will limit potential losses while offering the opportunity to profit from a decline in shares below $23.
The strategy involves selecting options with a potential profit-to-risk ratio of 1 to 1.88, which is attractive from a capital and risk management perspective.
In conclusion, key factors to monitor will be the price dynamics relative to the $25 level and changes in trading volumes. Any signs of weakening buyer interest could serve as confirmation of the beginning of the correction and a signal to enter a bearish position through put options.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.