How To Turn $1,000 Into $91,623 In Seven Months Swing Trading Options

by Allan Harris December 01, 2024

A swing trading option service just needs to come with one or two grand slam home runs a year to earn its keep. This year, we've had a half dozen - PLTR, RKLB, TSLA, BITO, and earlier this summer, GLD and SLV. Topping our list has been PLTR and below is a summary of our PLTR calls which we didn't even start trading until May, after PLTR was already up 50% YTD.

These are actual, real time, real money trades, in consecutive call recommendations for PLTR in our Blue Line Trading System PRO Service*, starting on May 7, 2024 and through to over $91K as of Nov 29, 2024.

*Blue Line Trading System Premium Service had their own, more conservative trade regimen in PLTR calls, turning $1K into $20K between July - November.

PLTR Daily With PRO Service Option Picks

Guided by the Elliott Wave structure and Fibonacci Extension Tool we have been accurately tracking the ascent of PLTR for most of 2024, with still higher projections into 2025.

Option Trade Chronology

May 7, 2024

$1,000

Initial purchase of Jun 21st $22C @ $1.21;

Jun 18, 2024

$2,870

First rollover, Jun $22C (+187%) ---> Sep 20th $25C @ $3.07;

Sep 20, 2024

$9,323

Second rollover, Sep $25C (+290%) ---> Dec 20th $37C @ $3.50;

Nov 7, 2024

$42,323

Third rollover, Dec $37C (+443%) ---> Jan 17th $55C @ $3.75;

Nov 29th - Currently Jan $55C = +214%

$91,623

Summary of PLTR Calls Performance

There's Always a Catch

The trades above represent the high risk, high reward technique of pyramiding a series of calls on a hot stock to maximize returns. When pyramiding trades, one assumes risk of ruin on one ill-timed a-b-c correction, so whenever rolling over to the next strike and/or expiration, it is recommended that some, up to half, profits be banked before rolling over all proceeds into the next option. This means that $1K doesn't turn into over $91K, without substantial risk, not everyone's cup of tea, but at least half that is absolutely doable when reducing risk by taking profits along the way (i.e., $1K ---> $46K) especially when a stock runs from the low $20's to the mid $60's in seven months.

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We added a new name this weekend (Nov 29th Weekend Update) with full expectation that it will run from its current mid-teens into the $40's, minimum, over the next twelve months. First expirations are Jan (PRO Service) and/or Mar (Premium Service). Another PLTR-like run? Maybe. Worth signing up for a one-month trial even just to get the name? Absolutely.

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Excerpt from Oct 6th AllAllan:

"What is almost a certainty is that our system modeling and option trade management will uncover multiple opportunities throughout the year for exponential option returns. After all of my decades of trading options, four going on five, I am emphatically certain that exponential returns is the only reason to be in this game. If you agree, you are in the right place, as there is not a better source of trades seeking said returns, anywhere, or at any price."

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Maximum Risk on any option trade is a 50% hard stop from entry and once trade is up triple digits, we recommend a 50% trailing stop based on Best Return.

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Past performance is not a guarantee of future results.