Speculators Expect Volatility in Palantir Stock Based on Unusual Options Activity Report

Today an unusual level of put options activity in Palantir Technologies (PLTR) stock shows that speculators expect near-term volatility in PLTR stock. The puts are just in-the-money (ITM) and expire within 30 days. As a result, some of this unusual activity may be due to income plays from short-put traders.

For example, PLTR stock is trading around $16.14 in midday trading on Wednesday, Aug. 30. The unusual PLTR put options activity, as seen in Barchart's Unusual Stock Options Activity Report, is at the $16.50 strike price. These puts will expire on Sept. 29, which is 30 days from today.