u/BigLexaproEnergy ·
Reddit — r/wallstreetbets
· March 26, 2026 at 20:07
· ⬆ 30 pts
· 💬 32 comments
| View on Reddit ↗
AI Summary
Summary
The author attempted to exercise an in-the-money Palantir (PLTR) call option that was below its break-even price, intending to take ownership of the shares at a loss to then sell covered calls (CCs) for income while waiting for a rebound.
The post primarily describes a brokerage glitch where the exercise was temporarily reflected and then reversed, not a market thesis.
Quality assessment: This is noise. It is a personal anecdote about a trading platform issue with no fundamental or technical analysis provided.
Score30
Comments32
Upvote %89%
▶ Full Post Text
Never had this happen before. Exercised a Palantir $150 call 3/27 today at opening. Shares were added to my account, the call option was gone and $15,000 buying power removed.
I checked in around 1pm everything normal besides all the red.
Checked at close to see what the damage was and my shares were gone, call option and cashed restored.
Who threw the reverse uno card?
Edit: it was excised in the money, below break even, thought process: take the shares and unrealized loss, sell CC’s til the rebound.