Palantir closed at $160.38, gaining 3.48%.
Palantir saw roughly $1.55 million in premium collected through long-dated put sales at the $125.00 and $130.00 strikes, both expiring in January 2027. The flow shows large traders are monetizing downside volatility well below the current stock price, expressing confidence in longer-term support while skewing the bulk-order tone slightly defensive. With the Call/Put volume ratio at 1.21, activity still leans toward calls on a contract basis, but the largest discrete prints reflect premium-selling conviction rather than aggressive upside buying.
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Options Indicators
Palantir’s implied volatility stands at 63.52%, and with an IV percentile of 66.93%, current option pricing sits in a broadly neutral zone rather than an extreme high- or low-volatility regime. In other words, implied volatility is neither especially cheap nor clearly overstretched versus its own recent history, although the IV/HV ratio of 1.13 shows implied volatility is still running modestly above realized volatility, suggesting the options market is pricing in somewhat higher forward uncertainty than what the stock has recently delivered. The Call/Put volume ratio is 1.21.
Large Trades
A PUT sale worth $819,000 was opened in the January 15, 2027 $130.00 strike, with 2,100 contracts traded, and it was out of the money versus the $160.38 stock reference. This is a moderately bullish cash-secured-put style expression, as the seller is collecting premium while signaling willingness to take assignment at a substantially lower effective entry level if PLTR declines. The trade suggests confidence that shares can stay above $130.00 into expiration, with the strategic intent centered on premium income and a constructive downside entry point rather than an outright aggressive upside chase.
Another out-of-the-money PUT sale worth $730,800 targeted the January 15, 2027 $125.00 strike, with 2,350 contracts traded. As a single-leg short put below the current stock price, this also reflects a bullish-to-constructive stance, using premium collection to express the view that PLTR is unlikely to break materially lower over the long term. Because the strike sits even further below spot, it points to a willingness to own the stock only on a deeper pullback, making it a more conservative premium-selling posture. Overall, the bulk-order tone leans slightly bearish, as the broader large-trade flow shows downside or capped-upside structures marginally outweighing bullish premium-selling activity; even so, the displayed headline trades reveal that larger participants are still comfortable monetizing downside volatility at lower strikes, which implies underlying confidence in PLTR’s longer-term support zone rather than a strongly negative outlook.
Strategy Reference
For a lower assignment probability, sellers could consider the January 15, 2027 $115.00 put, which sits further below spot and aligns with the observed preference for conservative premium collection; alternatively, traders unwilling to post full cash-secured margin could use a $125.00/$105.00 bull put spread in the same expiration to define risk while still monetizing elevated long-dated implied volatility.