Tesla’s bearish regime, which we warned of ahead of Wednesday’s report, has accomplished most of what it could have done.今後の方法は 2 つあります。 Bank the entire profit or apply the same strategy to another perfectly priced name that will be reported in two weeks.

heading towards teslaの第2四半期報告書で、私はリスクが下方に偏っていると主張した。売りで納品ビートを歓迎することは、「完璧を求めて価格設定された」期待を伝える古典的なものでした。売上高は前年同期比26%増の282億ドルと大幅に上回りましたが、調整後の1株当たり利益は34セントでコンセンサス（50セント）を大きく下回りました。 Operating margins compressed to 1.4%, and free cash flow became negative due to a 142% jump in capital spending. The combination of disappointing EPS and calls for patience with robotaxis (which is a Tesla pattern) sent the stock down about 14.5% through a short put strike on Thursday, closing near the target price.投資家は明らかにテスラの収益の「発表」よりも「ショー」に興味を持っているようだ。

Now we come to a less glamorous but more important part of trading: what to do when a position works.私たちの弱気の構造は、潜在的な最大値の大部分を獲得しています。予想される利益のほとんどがすでに手元にある場合、計算はあなたにとって不利になります。 The gain is minimal compared to what you could get back if the stock price rebounded sharply (which I think is highly unlikely).したがって、いくつかの合理的な方法が残ります。

Palantir

数字は良好でしたが、前四半期はそれほど良くありませんでした。ブルームバーグによると、第1四半期の商業受注残の伸びは2025年第4四半期の21%から12%に鈍化した。 And even after discounting recent declines, Palantir still trades at a significant premium relative to its software peer group and well above its historical EV/Sales average.

For context, Palantir’s average volatility from one week before closing (roughly the current situation) to two weeks after (corresponding to the typical expiration date in August) is about 26%.

Options markets are pricing in 9.5% daily earnings volatility, which is higher than the past four quarters but significantly lower than the long-term average of more than 14%. This suggests that August options may be expensive as the implied volatility appears to be 65%. This can be a reasonable price, especially if you use a spread and sell one expensive option against another to neutralize the volatility premium.

Step 1: Close your TSLA position — Sell the August 360/330 put spread for about $23, well over twice the price you offered it at.

Step 2 (for those in a hurry): Use some of your TSLA proceeds to buy PLTR on the August 21st $120/$95 put spread for about $6.50.

The $95 short put effectively offsets the 65% volume premium built into the long strike.

As with Tesla trading, Palantir put spreads have distinct risks, and for those using the proceeds from Tesla winners, it will be less than the “house money” (profit) collected on the initial trade.