tech
Can Palantir pull off a Microsoft-style comeback? Here's what options say
Hopes are running high that high-profile software provider Palantir can shake off its nine-month bear market and rally after earnings.
TL;DR
- Traders are heavily favoring call options for Palantir ahead of its earnings report.
- Options activity for Palantir resembles Microsoft's before a recent significant stock rally.
- More than twice as many Palantir calls as puts traded on Monday.
- The most popular bullish bet is on the 130-strike call expiring Friday.
- Options pricing implies a 10.5% move after earnings, which is larger than the recent historical average.
- Despite bullish call activity, significant bearish trades were also reported.
- A large bearish trade involved the sale of 800 of the 145-strike calls expiring in 2028.