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Opinions Larry Berman CFA, CMT, CTA
Harvest Palantir Enhanced High Income Shares ETFPLTE.TODON'T BUYMay 04, 2026
Stock price when the opinion was issued
As of Jun 15, 2026. Market Open.
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Holds a single stock, PLTR, and writes calls to generate monthly cashflow. Applies modest leverage of ~25%. Current yield is advertised as 43% -- please keep in mind that's not the total return.
Compared to PLTR, the ETF pretty much matches the volatility of PLTR exactly. Over the past year, both have returned ~49%. So NAV hasn't degraded due to covered writing. But you've had to pay tax on your distributions; whereas with just PLTR, you'd have the same return but no distributions (and so, no tax).
Be careful. Don't have more than 5-10% of your portfolio in one particular stock. You may want to split your position between the stock itself and the covered-writing ETF.
It uses covered calls to generate extra yield, which he likes, but you give up huge upside. During 2025, the total return of PLTE was lower than owning Palantir itself, though you would have fared slightly better in CAD under the Canadian version of PLTE vs. the American version. Are you holding this in a taxable or registered account? How active are you as an investor? These are considerations. Sentiment is driving money into this and Palantir, but he finds them very overvalued and wouldn't buy them here. PLTE is tradable.