To The Moon

$Palantir Technologies Inc.(PLTR)$ fell by 5.57%, closing at $16.11 on Friday (20 Oct). The options trading volume is 0.34 million. Call contracts account for 64.93% of the whole trading volume. The most traded calls are contracts of $18 strike price that expire on 20 Oct (Friday). The total volume reaches 23,557 with an open interest of 26,459. The most traded puts are contracts of a $16 strike price that expires on 20 Oct; the volume is 12,853 contracts with an open interest of 11,169. Higher debt levels can also lead to higher interest expenses, reducing profitability. Palantir (PLTR) Option Open Interest PLTR has a total open interest of 153,339 contracts and a put-call ratio of 0.54 for options expiring Oct 27, 2023 (4 days). Put Contract 918 put contracts traded for $1.51 per put option at $17.50 strike price, which is $1.39 in the money (i.e., $17.50 - $16.11). That means that the intrinsic value of those puts is $1.39, vs. the price paid by long owners of the puts of $1.51. In other words, PLTR stock will have to fall by $1.51 from the strike price, or $15.99 (i.e., $17.50-$1.51), for a breakeven level for purchasers of these puts. That means PLTR stock has to decline by 0.74% from 20 Oct(Friday)'s price of $16.11 before owners of the puts begin to make money. On the other hand, those shorting those puts might be hoping that the stock treads water or rises over the next 4 days. So, by shorting these puts for $1.51 per put contract, they can actually make money as long as PLTR stays over $15.99. Summary Based on what I have gathered, Palantir seems to indicate some upside coming, if we look at it from taking a LONG position on the Put contract expiring on 27 Oct 2023. I will be taking some more position on Palantir before its earnings release on 02 Nov 2023. Appreciate if you could share your thoughts in the comment section whether you think Palantir will show some upside this week before it announced their next earnings? @TigerStars @Daily_Discussion @TigerWire appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts. Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.