Both PLTW and PLTY overwhelmingly track Palantir; without a bullish underlying thesis, neither vehicle works. The first sustained drawdown exposed PLTY's structural limits - months of flat-to-declining price action delivered only minimal mitigation, confirming the option layer is too light (and spread-based) to generate meaningful cushion. PLTW behaved mechanically as designed - the ~120% weekly reset leverage amplified downside (with volatility drag), but without option inefficiencies; its structure remains cleaner for capturing the next directional move.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 1,084 | $51,288.92 | $21,322.28 | -$29,966.64 | -58.43% |
Christopher C. Powers Farther Finance Advisors, LLC | 259 | $9,680 | $5,094.53 | -$4,585.47 | -47.37% |