Trader Suggests Potential Bullish Options Strategies Involving Palantir Technologies (PLTR) Stock
Scott Bauer, which is seen in the Schwab network, offered the potential flexible versions of the Palantir Technologies (PLTR).
Bauer is the Executive Director of the Prosperous Armenia Academy.
On the same part, Rick Ducat, the leading network market technician analyzed the technical status of Palantir Technologies (PLT).
Bowler’s potential options strategies
The trader is waiting for the shares to fall “$ 105” before pulling the trigger on his bullish options strategy.
“If the shares are decreased in the future, the chance is really there with some beautiful” profits, said Bauer.
The trader was discussing calls on May 30, and he wanted to work for $ 110 to $ 120 call strategies, paying about $ 3. Otherwise, traders can sell by name, he said.
Ducat technical analysis
Recently, Palantir Technologies (PLTR) tested a 21-day exponential moving average, but did not fall on that level, said Ducat. Similarly, it has never reached a level of $ 105, which was also referred by Bauer.
The interval of the relative force of the negotiation was “overloaded”, but the shares, RSI, remained over 50, noting that they retain “tangible momentum”.
The main levels include the “double top” level for about $ 125 and “Plus 1 standard deviation from just $ 135,” Ducat said.
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Discovery. None. This article originally published in Insider Monkey