Option traders moderately bearish in Palantir Technologies (PLTR), with shares down $2.04 near $151.15. Options volume roughly in line with average with 425k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 1.0. Implied volatility (IV30) is higher by 0.8 points near 53.87,and below the 52wk median, suggesting an expected daily move of $5.13. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at UBS.
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