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On CNBC's "Options Action," Mike Khouw said that Palantir Technologies Inc PLTR options saw above average call activity on Monday as the number of traded contracts exceeded the average by about 90,000 contracts.
The most action was seen in the $24, $25 and $26 strike calls that expire on Friday. Around 45,000 contracts of the April $24 calls were traded for 65 cents. The trade breaks even at $24.65 or 5.61% above the closing price on Monday so buyers are betting on a quick recovery in Palantir.
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