Wheel tactics, straight from the desk
Hands-on playbooks for premium sellers: expirations, position sizing, rolling and repair — with concrete numbers, not vibes. Free while we build out the library.
PLTR wheel watch: $160 put leaves an 11.8% cushion
The September 18 $160 put showed a $4.60 reference credit and an 11.8% breakeven cushion at 9:53 a.m. ET. PLTR has strong momentum and 92.83% quarterly revenue growth, but its rich valuation and below-norm option volatility keep the risk visible.
PLTR wheel watch: $145 put leaves a 14.6% cushion
The September 18 $145 put showed a $3.68 reference credit and a 14.6% breakeven cushion at 9:51 a.m. ET. PLTR is above every major average after earnings while contract IV is below its three-month norm, so momentum and valuation both matter.
PLTR wheel watch: $115 put pays 2.74% in 32 days
The August 21 $115 put offered a $3.15 reference credit and a 15.9% breakeven cushion at 9:55 a.m. ET. Confirmed August 3 earnings and a premium valuation keep the downside risk real.
PLTR: rich IV, with earnings inside the wheel window
PLTR has rebuilt above a $120–$125 reference zone while 30-day IV sits near three-month highs. The liquid August 21 chain brackets 30 delta, but its expiry crosses an estimated earnings date.