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Friday, October 3rd
“Blood is the fuel that is consumed by the metaphysical flame of destiny.”
– Ernst Junger
Markets Today
🌏 Asia-Pacific: Up
🇪🇺 Europe: Mixed
🇺🇸 United States: Mixed
🛢️ Oil: Up
⚡ Crypto: Up
Major Market Events
- Jobs Data Blackout Hits — No official employment report due to the shutdown, leaving the Fed without a key read as it maps 2025 cuts
- Indexes Grind Higher — Stocks lean toward fresh records despite the data gap and headline noise
- Drug-Price Deal In Focus — The White House and Pfizer outline a plan to cut costs on certain medicines, putting pharma pricing back in the market mix
🤔 My Thoughts
Why I Closed the PLTR Spread Early
(and Why You Don’t Want to Miss Wednesdays)
On yesterday’s Profit Panel, I closed the Palantir (PLTR) weekly credit spread I entered live on the air a day before. It was a strong win
On the show, I explained that I closed it around $0.05, which is roughly an 80% return on the premium we collected.
That’s the whole idea behind my Wednesday approach — sell small, defined risk when the odds line up, then ring the register fast if the market gives you the move.
This wasn’t a one-off. We’ve now had two weekly spreads in a row do their job — Nike last week, Palantir this week — exactly because we kept it simple, sized it small, and managed by the clock instead of chasing headlines.
Here’s the rhythm I stick to:
- I set the spread where I believe price can stay above (for puts) through Friday. That means I’m only risking 2 days in the market.
- If the stock behaves and the spread melts, I’ll often buy it back near half the credit (or better) rather than sitting around hoping for the last few pennies.
- If price closes back below the level that justified the trade, I reduce my exposure or exit. No crossing our fingers and hoping for a turnaround.
This is why I do Credit-Spread Wednesday every week.
It’s repeatable, it’s calm, and when the market cooperates, it can pay fast — like PLTR did.
👉 Click here to watch the on-demand replay!
To Better Trading,
Alex Reid
