I have 8,4000 shares of PLTR - What strategies to utilize buying power
u/wtapswtaps ·
Reddit — r/thetagang
· September 02, 2026 at 17:55
· ⬆ 20 pts
· 💬 93 comments
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I have 8,400 shares of PLTR with a cost basis of $18. I am with Charles Schwab and my buying power is around \~1,000,000 or so? This opens up quite a lot to potentially make good options income. I sold a couple of cash-secured puts, one recently on DELL $430 9/4/26 at $19.25 which I closed today at \~$1.80ish. I would like to scale this higher, and if possible, less riskier?
What would you guys do if were you in my shoes, what strategies would you guys employ and what would you buy with this extra premium? This is in my taxable account and PLTR is my only position (I have a 401k and IRA). This is my fun account that I would like to use the premiums to help pay for immediate expenses.
Thanks!
**EDIT: For tax questions - I am in a high-income bracket, and I live in NYC,** **28–29%**