Palantir Stock Is Treading Water - Good for Short-Put Trades That Yield 2.0% in 3 Weeks

Palantir Technologies (PLTR) stock has been trading in the mid-$20s since posting its Q4 earnings on Feb. 5. Its put option premiums are high and yield up to 2.2% for 3 weeks expiration. This is ideal for existing shareholders who want to hold PLTR stock and gain extra income.

I discussed this trade in several recent Barchart articles and the trades have worked out well. My March 1 article, “Shorting Palantir's Out-of-the-Money Puts Makes Sense Here for a 2.26% Yield in 3 Weeks,” discussed shorting the $23.50 strike price put for expiration on March 22. (My previous Feb. 11 article on PLTR also had a successful short-put play.)