Put Traders Target Palantir Technologies Stock Selloff

Palantir Technologies Inc (NASDAQ:PLTR) stock was last seen down 7.5% at $145.98 and heading for its sixth-straight daily drop. The shares have been tumbling since their August 12 record high of $190, and are now 25% below that level. Year-to-date, the equity is still up 89.5%. Options bears are chiming in on the selloff. So far today, 658,000 puts have been exchanged -- triple the intraday average put volume -- compared to 563,000 calls. The weekly 8/22 140-strike put is the most popular contract, with new ...