Call Buying Activity in Palantir (PLTR) Targets 23% Upside in Shares Through June -Susquehanna

March 4, 2021 1:53 PM

Susquehanna options strategist Alison Edwards notes call buying activity in Palantir (NYSE: PLTR), as an opening investor in bought 21k Jun 26 Calls for $4.30. This investor opens upside exposure through mid-June, breaking even on a 23% rally in the underlying. With shares down 35% from highs set in Jan and revisited in Feb, the investor positions for a rebound in the retail favorite through mid-June.

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