If PLTR close below 175 before jan, I will be able to get back those shares that were sold at 217 at much lower price (160)
If PLTR close below 232 before Jan, I at least do not lose any on my position (ie, you can buy back PLTR any time below that price)
If PLTR going up and down within this range before Jan, I can even close this put for a profit and sell another put.
The only scenario that I will be losing on PLTR position significantly, is when PLTR goes way above 232, or it drops way below 160, by Jan