Added Palantir (NYSE:PLTR)
By Live Rich Life Free  •  April 27, 2022
I first nibbled 10 shares of Palantir Technology Inc. (NYSE:PLTR) at $22.65 in Dec 2021 using free money collected from selling put options. I am also holding 2 put option contracts committing to buy 200 shares of Palantir at $20 by 19 Aug 2022. I will most likely be rolling them down to next year. Yesterday I placed an order to buy 90 shares of Palantir at $10.88 and it was filled this morning at 4am. I now hold 100 shares of Palantir and can sell call options to collect premium soon! Palantir has drawn flak from its secrecy data analytics business dealing with privacy and data from government and intelligent agencies. Despite enjoying growth in revenue and business, Palantir is not yet profitable and is burning cash due to facing rising costs and overheads. This is like catching a falling knife. However, I believe in the growth prospects of the artificial intelligence and data mining software tools provided by Palantir which are trusted by the U.S government and...
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!

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