Palantir Technologies Inc (NASDAQ:PLTR) stock is up 0.9% to trade at $136.93, stabilizing after a 13.4% weekly loss. The controversial software stock is down 23.4% in 2026, with its 200-day moving average keeping a tight lid on the charts in 2026. Options traders, though, are betting on this ceiling to fold.
Palantir continues to hold its place on Schaeffer's Senior Quantitative Analyst Rocky White's list of names on the S&P 500 Index (SPX) that have attracted the most options volume in the last two weeks. During this timeframe, PLTR saw over 5 million calls and roughly 2 million puts exchanged. The weekly 6/5 160- and 165-strike calls saw the most attention, with the 150-strike call in the same series following closely behind.
The preference for bullish bets is nothing new. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), PLTR's 10-day call/put volume ratio of 2.74 ranks in the 98th annual percentile.
Palantir premium is affordably priced at the moment, per the stock's Schaeffer’s Volatility Index (SVI) of 51% that stands in the 20th percentile of its annual range.
