Palantir BIG RECOVERY! Market May See Volatility This Week

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Hey Options Trader,

This week was quite the recovery for almost all stocks on the list. Palantir being a major recipient of this market move. This week was a perfect time to take some trades off the table as we may see one last volatility spike this week. Let’s get into it.

Here’s what we are covering:

1. $QQQ and $VIX - Rally With Little Fear, Here’s What To Expect Next Week

2. $PLTR - Big Recovery, Took Some Profits, What I Think Next

3. $NVDA - Still rangebound, Key opportunity Zones

4. Retire On $187k - New Stock Im Running The Wheel Heavier On

$QQQ and $VIX - Rally With Little Fear, Here’s What To Expect Next Week!

QQQ saw a major recovery and the VIX went down to $14. Yes, we may get another pump to new all time highs before we have another pullback or decent buying opportunity, but I think its a great time to shore up at least 25% of cash to sell some more cash secured puts and collect income on your favorite stocks.

Since we saw this fast of a recovery, which I didn’t expect, I closed out a majority of my LEAPS as the last pullback showed me that collecting income via cash secured puts is way easier and less stressful.

For me, I wanted to make sure trading would add to my life, not subtract and the strategy that has led to a lot of joy and income for me in the markets is Cash Secured Puts.

I also expect one last volatility spike next week due to the FOMC interest rate decision and people profit taking from this massive rally.

If VIX spikes up past $16, I believe it heads down to $12 after that and market makes a new all time high. Be ready!

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$PLTR - Big Recovery, Took Some Profits, My Next Thoughts

Palantir is really upsetting the naysayers with this recovery. Investors are getting paid, especially the ones who had LEAPS and Cash Secured Puts.

I was able to sell a few 55 strike cash secured puts at the bottom and collected 90% of premium within a few days. I rolled all my puts up to the $67 and $70 strike for the end of February.

I closed out all LEAPS as I was up 20% which for me, was equivalent to 10 MONTHS worth of premium. I decided to take my money and run with it.

Im sticking with Cash Secured puts (10 to be exact) until we take a potential dip back down to mid 60’s or 70. Then I will re-enter with some LEAPS.

My thesis, is Palantir still hits $100-$130 this year, but it may take longer than expected as the next 90 days in the market could be volatile due to policy changes and unexpected news.

If Palantir smashes earnings, we should head to new all time highs on Feb 3rd.

$NVDA - Key Opportunity Zones

Nvidia is the only stock I have kept all my LEAPS on. This stock has not made its move and it may take an earnings report to get it running upwards. Feb 26th is earnings.

My position is still $175k in shares, cash secured puts, and LEAPS. Holding LEAPS until it breaks out above $152.

I believe right now is a perfect time for LEAPS, shares, and cash secured puts. Once we are above $152 just stick with cash secured puts.

Retire On $187k - New Stock Im Running The Wheel On Heavier Than Before

Have a great weekend!

-Ryan