Palantir Technologies (PLTR) Is a Big Beneficiary of Call Buying by Retail Participants, Veteran Investor Says

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Palantir Technologies (PLTR) Is a Big Beneficiary of Call Buying by Retail Participants, Veteran Investor Says

Retail investors and traders “are buying massive amounts” of call options on Palantir Technologies Inc. (NASDAQ:PLTR), driving the shares higher, longtime investor Don Kaufman said during a recent appearance on Schwab Network.

Kaufman is trying to exploit the trend by buying call options on PLTR himself.

Kaufman is the co-founder of TheoTrade.

By buying a huge number of call options on Palantir Technologies Inc. (NASDAQ:PLTR), individuals are forcing “market makers” to buy PLTR stock, Kaufman explained. That dynamic creates a “retail gamma squeeze” which causes the shares to climb, according to the investor.

Kaufman bought calls with a $126 strike price that expire on June 20. He’s also selling June 20 calls with a $130 strike price. His net premium on the trade is $1.55 per pair of options.

“I’m trying to hop on board with the retail freight train that has become the primary driver of this market,” he explained.

While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this

This is the hidden content, please

• Sign In
• or
• Sign Up

READ NEXT: 

This is the hidden content, please

• Sign In
• or
• Sign Up

 and 

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Disclosure: None. This article is originally published at 

This is the hidden content, please

• Sign In
• or
• Sign Up

.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Palantir #Technologies #PLTR #Big #Beneficiary #Call #Buying #Retail #Participants #Veteran #Investor

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

For verified travel tips and real support, visit: https://hopzone.eu/