Michael Burry adds to Palantir (PLTR) put options
PLTR Palantir Technologies Inc
$174.94 -0.17%
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- 1Michael Burry added to his put options on Palantir Technologies (PLTR) expiring March 2027
- 2He bought puts in the low-to-mid $100 strike when the option price was at a multi-month low, and still sees downside risk even after closing some of his short position near $107
- 3Q2 revenue rose 93% to $1.94 billion, but with a valuation of more than 50x 2026 sales, growth alone may not be enough to support the stock price
This 3-line summary is compiled from the report below.
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