Options trading live when Palantir drops 5% after beating earnings. The market is resilient, S&Ps up 50 handles, but Palantir is getting no love and that disconnect is exactly the kind of setup worth playing.
This is a live diagonal spread walkthrough: buying the July call and selling a further out-of-the-money June call, creating a slightly bullish convexity trade with $575 in defined risk, nearly $1 per day in theta, and the potential to double if Palantir drifts higher over the next 73 days. One-to-one risk reward with a wide range to work in.
Helpful links:
tastylive:
tastylive.com
FREE tasytlive Newsletters:
info.tastylive.com/newsletters
FREE Options Strategy Guide:
tinyurl.com/bp9ms763
Follow tastylive on X (Twitter):
x.com/tastyliveshow
CHAPTERS:
00:00 Market Up 50 Handles - Palantir Down 5% After Beating Earnings
00:35 Why Palantir Looks Like a Capitulation Opportunity
01:00 Trade Setup: July 145 Call, June 155 Short Call
01:54 Delta, T...