Did My Palantir Covered Call Trade Work Out? Let’s Break Down the Math

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When it comes to options trading, especially covered calls, the key to success lies not in guessing the market direction but in understanding the math and managing risk. In this blog, we dive into Mark Yegge’s latest update on his Palantir (PLTR) covered call strategy. Despite a market pullback, did Mark walk away with gains? Let’s break it all down.

The Setup: Why Palantir?

Mark chose Palantir based on a technical setup: a double bottom formation. After a breakout just under $100, the stock rallied past resistance levels and surged to nearly $150 before experiencing a sharp pullback. Recognizing the volatility, Mark positioned himself conservatively with deep in-the-money calls to reduce downside risk.

The Base and Top Strategy

Mark divides his trade into two parts:

Base Position: He bought 105 strike calls at $41.35 (x10 contracts = $41,350).
Top Position: He sold covered calls at the 137 strike for $4.35 per share, collecting $4,350 in income.

This forms a traditional synthetic covered call position where income ("the juice") is generated by selling calls against a long position.

Trade Timeline and Adjustments

Initially, Mark sold 138 calls, then rolled them to 142 as the stock rose.
This generated $5,362 in premium, and he exited that trade with a $4,300 gain.
He then opened a new trade at the 137 strike, collecting another $4,350.
When PLTR dropped below 137, the short call gained value (now ITM), pushing his current unrealized gain to ~$2,200.

Despite the pullback, he is still up due to collected premiums (the juice) and in-the-money protection.

The Juice Matters More Than the Stock

Mark emphasizes that covered call strategies aren't about stock appreciation. They're about consistent income generation. He doesn't rely on PLTR's price going up; instead, he relies on collecting weekly or bi-weekly premiums while protecting himself with conservative strike selections.

Total Results (So Far):

Realized Income: ~$4,300 from the first round
Unrealized Gain: ~$2,200 from the current open position
Stock Movement: PLTR dropped ~$20
Outcome: Net gain despite unfavorable price action

Lessons From This Trade

Deep ITM calls provide downside cushion during volatile moves.
The juice (extrinsic value) can offset capital losses.
Rolling trades strategically allows flexibility and ongoing income.
Avoid reacting emotionally to price swings; stick to the system.

Life-Improving Takeaways

Consistency > Speculation: Weekly income adds up faster and more predictably than betting on price appreciation.
Control What You Can: You can’t control market direction, but you can control strike selection and timing.
Protect Capital First: Deep ITM calls reduce anxiety and preserve your account during downturns.
Treat Trading Like a Business: Use math, not emotion. That’s how sustainable income is built.

Call to Action

If you want to learn how to consistently generate income like this, consider joining Mark’s upcoming event Wealth Accelerator Live in Clearwater, Florida, this September 26–28. Attendees will receive lifetime access to the elite training course, a personalized trading plan, live sessions, and behind-the-scenes tools.

Reserve your spot today – space is limited!

Also, don’t forget to subscribe to Mark’s YouTube channel, join the free Insider Tips Newsletter, and leave a comment if you want to learn more about the Juice Lever strategy.

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Conclusion: Did the Trade Work Out?

Absolutely. Even though PLTR dropped sharply, Mark’s conservative strategy and disciplined rolling allowed him to stay profitable. His total net gain is around $6,500—in a week where most traders may have lost money. The strategy worked because of a focus on income and downside protection, not speculation.

As Mark says, "The juice will set you free."

Did My Palantir Covered Call Trade Work Out? Let’s Break Down the Math

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