Money
Can Palantir pull off a Microsoft-style comeback? Here's what options say
xCruzo Brief
Traders are betting that Palantir can stage a Microsoft-style rebound after its earnings Monday night, where the stock has been in a nine-month bear market. Options activity has drawn comparisons to Microsoft ahead of its report, when call demand signaled traders expected an outsized move. On Monday, more than twice as many Palantir calls traded as puts by volume, with 56,000 calls versus fewer than 25,000 puts, for $160 million in premium, according to ThinkOrSwim and SpotGamma. The $130 strike call expiring Friday drew 8,500 contracts worth $4.4 million; it needs about an 8% rally to pay off. However, Cboe data show several of the largest dollar trades were neutral or bearish, including a $3.4 million sale of 145-strike calls.
xCruzo quick-read summary • Source: CNBC • Read the full article for complete information.
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