How In-the-Money Covered Calls on PLTR Delivered $2,500 in Income—and Protection

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Master Risk and Income Like a Pro with One Strategic Move

If you're tired of holding stocks and hoping for the best, it might be time to trade like a pro—using in-the-money covered calls. In a recent update, investing coach Mark Yegge revealed how he generated $2,500 in premium income from just 10 contracts on Palantir (PLTR), all while protecting his portfolio from downside risk.

Let’s walk through how this position worked, why in-the-money calls are so powerful, and what lessons you can apply to your own trades.

The Palantir Setup

Mark originally highlighted this trade earlier in the week but didn’t record the actual execution. No problem—he shared the details with us anyway:

Stock Traded At: ~$153.24 (after hours)
Covered Call Strike: $149
Premium Collected: $4.36
Current Premium Value: $1.77
Return So Far: +59% on the call side
Profit on 10 Contracts: $2,500

Why It Worked

The stock’s price climbed near the upper Bollinger Band—a common technical signal that often leads to a pullback. Rather than gamble on the next move, Mark chose to go in-the-money (ITM), capturing both intrinsic value (price protection) and extrinsic value (the juice).

In-the-Money = Built-In Protection

One of the biggest reasons Mark prefers ITM calls?

“The in-the-money amount protects your account.” – Mark Yegge

Here’s how:

🔻 If PLTR pulls back, the intrinsic value of the short call increases, offsetting losses in the base stock.
💰 You still collect the premium, which adds income regardless of market direction.
🧃 You keep the juice, even if the stock dips below your strike—giving you flexibility to roll the trade or reenter.

Mark prefers to protect his capital and stay conservative. He emphasizes this isn't the only way—you can trade out-of-the-money if you're comfortable with the risk—but when pullbacks happen (like with PLTR or MSTR), ITM strategies offer a powerful defense.

What’s Next?

Mark shared he may close the position early (Monday or Tuesday) if the stock continues to dip, locking in the profit and potentially selling a lower-strike call next.

Life-Improving Trading Lessons

These aren't just tactical decisions—they’re mindset shifts. Here's what you can take away:

Income first, not guesses: You don’t need to predict every stock move. Just control your entry and your juice.
Protect your capital: If the market turns, in-the-money trades give you a cushion.
Focus on probabilities: ITM calls offer a higher chance of success and consistent cash flow.
Rinse and repeat: Income strategies thrive with repetition—not hero trades.

FAQs

Q: What’s the advantage of ITM over OTM calls?
A: ITM calls offer higher premiums and downside protection. While OTM has more upside potential, it’s riskier in volatile markets.

Q: What happens if PLTR drops below the strike?
A: The intrinsic value of the short call helps buffer your losses, and you still keep the premium collected. You can also roll down or adjust the position.

Q: Is this strategy beginner-friendly?
A: Absolutely—as long as you understand how covered calls work and you’re okay with limiting upside in exchange for consistent income.

Call to Action

Want to learn how to protect your money and create weekly income using in-the-money covered calls?

Join Mark Yegge LIVE at the Wealth Accelerator Event
September 26–28, Clearwater Beach, Florida
Includes lifetime access to his elite trading course, personalized trade planning, and advanced strategy tools.

Grab your early bird ticket before it sells out!
Also, join his Insider Tips Newsletter for strategy updates, trade alerts, and tutorials.

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Final Thoughts

With just 10 contracts and a solid strategy, Mark Yegge locked in $2,500 in profit while protecting his account from downside risk. This is exactly why ITM covered calls are a smart move—especially when stocks like PLTR are near resistance levels.

The message is clear:

“You don’t need to predict. You need a system.”

How In-the-Money Covered Calls on PLTR Delivered $2,500 in Income—and Protection

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