Palantir Options Skew Flat with $119.83-$147.81 Expected Move
Options traders see Palantir’s March 20 volatility skew flat with an expected move between $119.83 and $147.81, indicating controlled hedging. A judge ruled former executives likely breached confidentiality but will continue at Percepta, while Michael Burry warns Palantir’s data lock-in moat risks client resentment.
1. Options Skew Analysis
Options traders analyzing the March 20 options chain note that implied volatility across calls and puts near the spot price is flat, with a calculated expected move between $119.83 and $147.81. This controlled skew suggests professional investors are hedging conservatively rather than rushing to exit positions.
2. Partial Court Ruling
A U.S. federal judge ruled that former Palantir executives likely breached confidentiality and non-solicitation agreements but declined to bar them from continuing work at Percepta. Shares of Palantir dipped 1.79% pre-market to $132.99 following the partial victory and mixed court findings.
3. Moat Critique by Michael Burry
Michael Burry criticized Palantir’s competitive moat as based on obstruction of data transfer rather than proprietary intelligence, arguing that clients could face high switching costs and resentment. If this strategy weakens customer relationships, Palantir’s long-term valuation may come under pressure.