Apr. 30 at 2:53 AM
$PLTR long-dated put ahead of May 4 earnings — PLTR at
$136.53 today.
+1,400 PLTR 100 17 JUN 2027 130.00 CALL @ 24.95, for
$3,493,000 total deltas.
$3,493,000 ×
$136.53 =
$477,025,290 in dollar exposure. The 130 strike is slightly below current price — this is a near-the-money put with 14 months of runway. PLTR reports May 4 and is down 34% from its
$207 all-time high set in December 2025. Wedbush and Baird are bullish into the print, but someone with 1,400 contracts is making a long-dated bet the stock stays under pressure despite AI defense tailwinds.
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