Options Market Statistics: Palantir Stock Jumps on Strong Momentum
$Palantir Technologies Inc.(PLTR)$
The most traded calls are contracts of $120 strike price that expire on May 9 and the total volume reaching 75,517 with the open interest of 14,039.
Palantir posted a great first quarter earlier this week. Its sales rose 36% to $862.3 million, and it earned $0.13 per share - better than what experts expected. However, despite the beat, shares took a sharp hit Monday night after-hours as cautious forward guidance sparked investor concerns.
A key reason for the change in market mood was Trump's statement that he won't enforce the Biden-era rule limiting chip exports. This news boosted semiconductor and tech stocks, lifting the overall market.
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