PLTR has been heavily traded stocks in the options pits
Palantir Technologies Inc (NASDAQ:PLTR) stock is up 4.7% at $92.69 at last check, enjoying tailwinds after President Donald Trump's tariff update included exemptions for the semiconductor and tech industries. The equity just nabbed its best week since early February, and now sports a 308.5% year-over-year lead, with support from its 160-day moving average capturing last week's pullback.
It appears options traders took advantage of Palantir Technologies stock's dip. The security was among the popular names among options traders during the past 10 days, per Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that attracted the highest options volume within that period. PLTR saw more than 3.6 million calls and 3.7 million puts traded. Leading the charge was the weekly 4/25 60-strike put.
Options traders have been much more bearish than usual, though. This is per PLTR's 10-day put/call volume ratio of 1.18 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits at the top of annual readings.
Options look like a good way to go when weighing on next moves, per the stock's Schaeffer's Volatility Scorecard (SVS) of 88 out of 100. This suggests shares outperformed options traders volatility expectations during the past 12 months.