Option traders moderately bearish in Palantir Technologies (PLTR), with shares down $6.04 near $133.50. Options volume more than double the daily average with 831k contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 0.73. Implied volatility (IV30) is higher by 1.7 points near 59.97,and above the 52wk median, suggesting an expected daily move of $5.04. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at HSBC.
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