I said (in another thread) buying here is asking for troubles. Buying 1StDev OTM is also asking for troubles. However ... I did it. PLTR isn't a typical stock IMHO You can do it ! Print a 2StDev move. Got filled @ 3. Max reward is 25 @ 180.
It's not complicated when everything is going up xD This market went crazy for 1 month while I was sitting on my depreciating VIX calls. That's the truth xD Went long NFLX yesterday (weekly calls) Got this PLTR bull spread. Small positions, market is overextended but hey ... Trump just said that it will go higher ! You're making great calls too
I wouldn't trade it personally, As far as potential continuation, It's below 3 tops back from 2021. That's a nice episodic pivot (EP) But below resistance. Not sure Might consolidate a bit then run. I would rather backup UBER than LYFT.