Palantir Hits $102 After Hours! What Next?

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Hey Options Trader,

Today was a bloodbath opening in the markets that led to somewhat of a recovery. President Trump decided to postpone both Mexico and Canada tariffs by one month after negotiations with their presidents. While this may postpone further volatility, do not think we won’t experience it in a month. For options sellers, this is a blessing. More volatility = richer premiums to collect.

Also Palantir did the unthinkable. Crushed earnings and blew past $100 in the after hours.

Here’s what we are covering:

  1. $QQQ and $VIX - Bearish crossover on the RSI

  2. $NVDA - Estimated timeline for recovery

  3. $PLTR - Hit $102 After Hours (My Plan Of Attack)

$QQQ and $VIX - Bearish Crossover On The RSI

QQQ seems to really be lagging comparatively to the S&P 500. It’s mostly due to NVDA still weighing down on this index and sector rotation out of technology. While the index may be dragging down, this is a perfect time to prepare to purchase LEAPS if we touch the lower bollinger band.

VIX settled around $19 today which signals there is a decent amount of fear in the markets. We could see a spike above $20 later this week or next week before the market proceedes higher.

What will move this market higher is further negotiations with Mexico and Canada to squash the tariffs and maybe even some negotiations with China. The market hates uncertainty.

RSI has bearish crossover reading. A Bounce at $500 is not off the table.

VIX spiked to $19.72…Fear Is Back.

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$NVDA - Estimated Timeline For Recovery

Nvidia is going to need some extremely positive news regarding the Deepseek situation. There has been numerous news outlets and tech leaders debunking the fact that DeepSeek built its platform with $6 million. Apparently they had access to billions of dollars worth of the latest Nvidia chips that were obtained illegally. Until this news is pushed hard by major outlets such as CNBC as well as tech CEO’s….

we are going to have to wait for Nvidia earnings on February 26th after the bell to spark bullishness back into this stock.

My whole position still remains and I will most likely get assigned on 1000 shares around the $130 strike at the end of February if this stock doesn’t pick up steam by then.

Long term, even if the cost of artificial intelligence goes down, all of these companies will still need the latest and greatest chips from Nvidia. This is good for the stock. Valuations look amazing at this price as well.

The drop never ends. Do we hold here?

Palantir Hit $102 After Hours…My Plan Of Attack

Have a great session tomorrow!

-Ryan