Palantir Shows Huge Unusual Call Options Buying - PLTR Could Be Cheap Here

Two large tranches of Palantir Technologies (PLTR) call options have traded today. Investors could be bullish on PLTR as it is well off recent peaks. I discussed this in a recent Barchart article, May 8, “Palantir Makes Higher FCF Margins and Revenue Forecasts Rise - So, Why is PLTR So Cheap?”

PLTR is down today about 3.4% to $131.35, and is well off its recent May 4 peak of $146.03 and prior to that a peak of $152.62 on April 22. However, it's still over a recent trough of $128.06 on April 10.