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Palantir Technologies (PLTR) stock has climbed over most analysts' price targets. What should investors do now? One way to play this is to sell short out-of-the-money (OTM) put and call options in nearby expiry periods.
PLTR is at $31.48 as of Friday, Aug. 30, up over 30% in the last month from its low of $24.09 on Aug. 5. That puts it well over the average analyst price target of $25.69 as surveyed by Yahoo! Finance and the mean analyst target of $24.44 as reported by Barchart.