Palantir Stock is at a Peak - Put Premiums are High - Worth Shorting for Income

Palantir Technologies (PLTR) stock is now at a peak price, pushing its put option premiums very high. Deep out-of-the-money (OTM) puts in near-term expiry periods are trading at high yields, making them worth shorting.

PLTR is at $43.47 in midday trading on Monday, Oct. 13. It's up over 80% in the past two months, since closing at $24.09 on Aug. 5.