Making $9,000 with Palantir (PLTR): A Smart Initial Trade Using LEAPS and Covered Calls

In today's volatile market, smart investors aren’t just buying stocks and hoping for the best — they’re using strategic options techniques to generate consistent income. One standout example comes from Mark Yegge, who recently initiated a covered call position on Palantir Technologies (PLTR) that’s set to generate $9,000 in one week using a LEAPS-based approach.

Let’s break down how this income-generating trade works and why it’s worth paying attention to.

Why Palantir? And Why Now?

Mark has been cautious about Palantir for months, but a shift in the chart’s behavior has opened up a possible entry point:

• Gap-up movement and break above the 50-day moving average
• Strong technical support levels forming
• Market conditions remain red, but PLTR is showing relative strength

While the broader market is uncertain, Palantir seems to be making a move that warrants a cautious but profitable entry.

The Strategy: Using LEAPS + Covered Calls

Mark’s initial investment idea was to buy 1,000 shares of Palantir (roughly $95,000), but instead, he used LEAPS (Long-Term Equity Anticipation Securities) to gain leverage with less capital outlay.

Step 1: Buy LEAPS

• Bought 30 contracts of the October 55 calls with a 90 delta
• Paid $4.60 of extrinsic value per contract

“Deeper is safer,” says Mark — and that’s why he chose deep-in-the-money LEAPS to simulate stock ownership while buffering downside risk.

Step 2: Sell Covered Calls Against LEAPS

• Sold 30 contracts of the April 25th 91 strike calls
• Collected ~$3 per contract, or $9,000 total for the week

This is where the power of “the juice” comes in. Mark’s system focuses on selling options for income — and the juice from this trade immediately offsets the extrinsic cost of the LEAPS he purchased.

Risk Management: Built-In Cushion

The beauty of this approach is how protected it is on the downside:

• The 55 strike calls give $4+ of intrinsic cushion
• The short calls provide $3+ of juice (income)
• Total buffer = ~$7.20 before any loss would occur

That means the stock could drop from ~$95 to ~$88, and Mark’s breakeven would still hold.

Life-Improving Tips From This Trade

1. Don’t Just Buy Stocks — Lease Them with LEAPS
   LEAPS allow you to control 100 shares for a fraction of the cost, reducing capital outlay and increasing flexibility.
2. Income > Prediction
   Instead of trying to guess where PLTR will go, Mark uses covered calls to generate weekly income regardless of direction.
3. Buffer Your Risk
   Deep in-the-money options provide both upside leverage and downside protection — perfect for red markets.
4. Use Systems, Not Emotions
   Mark follows a trading plan with entry criteria, profit targets, and exit rules — taking emotion out of the equation.

FAQs

Q: What if PLTR gets called away?
A: Since Mark sells weekly calls, he simply rolls the position before expiration. He rarely gets assigned.

Q: Why use LEAPS instead of stock?
A: LEAPS offer leverage with lower capital commitment and reduce downside exposure while preserving upside participation.

Q: Is this only for advanced traders?
A: Not necessarily. This approach can be learned with guidance, and once mastered, it becomes a scalable, repeatable system.

Call to Action

Want to learn how to make weekly income using Mark’s Cash Flow Machine™ system?

Visit cashflowmachine.io
Subscribe to Mark’s YouTube Channel for weekly trades
Join the Insider Tips Newsletter for analysis and trade alerts

Get started today

Conclusion

Mark’s $9,000 trade on Palantir isn’t magic — it’s a repeatable, rules-based approach to cash flow investing. By combining LEAPS with deep in-the-money covered calls, he creates weekly income, capital efficiency, and risk protection.

If you’re tired of stock market uncertainty and want a structured way to grow your portfolio with confidence, it might be time to follow the juice.