Shorting Palantir Put Options Could Provide Good Returns for Bullish Investors In PLTR

Shorting out-of-the-money puts in Palantir Inc (PLTR) stock might be a good income opportunity. It could also be a good buy-in point in PLTR stock. This is based on a higher target price based on its strong FCF.

I discussed this play in my May 28 Barchart article, “Palantir Stock Still Has Good Upside Based on Its FCF Margins - Short Put Strategies Work.” At the time PLTR was at $21.15 and I discussed shorting the $20.00 put option expiring today on June 21.