Palantir Technologies Inc (NASDAQ:PLTR) shares are up 0.5% to trade at $145.73 at last check, on track to snap a five-day win streak. The software stock sports a 55.7% year-over-year lead but has has shed more than 20% off its Jan. 7, record high of $187.28. Despite the drift lower -- with the 80-day moving average guiding the shares lower -- options traders remain focused on calls.
PLTR has appeared on Senior Quantitative Analyst Rocky White's list of stocks that attracted the most options volume in the past 10 days. Within this two-week timeframe, shares saw 4,698,261 calls and 2,933,411 puts traded, with the May 140 call getting the most the activity.
Longer term, PLTR's 50-day put/call volume ratio of 1.49 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) that sits higher than 87% of readings from the past year.
Premium is affordably priced at the moment. This is per the stock's Schaeffer’s Volatility Index (SVI) of 61% that stands in the 27th percentile of its annual range.
