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A Barchart report shows a large, unusual volume of put options in Palantir Inc. (PLTR) stock for expiration on Friday. The puts are out-of-the-money (OTM), implying investors are bullish on PLTR stock. For example, by shorting OTM puts, these investors can get paid by setting a lower potential buy-in price.
I discussed PLTR's recent rise in a Barchart article on Sunday, Feb. 16: “Palantir Stock Keeps Rising, Confounding Analysts - What Should Investors Do?”