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A huge, unusual volume in Palantir Technologies (PLTR) put options may signal a near-term peak in PLTR stock. It has doubled since its Q3 earnings on Nov. 4. However, put premiums are now very high—an income play for short-sellers.
PLTR closed at $82.38 on Tuesday, Dec. 24. That is up 99% from its Nov. 4 price close of $41.41 when Q3 earnings were released.