Cash In on Palantir's Fall From Grace
1. PLTR retraced from a strong run, hitting key support levels. Upside anticipated soon. 2. Political defense cuts raised concerns, despite a technically bullish chart. Caution among traders persists. 3. Traders are shorting PLTR and targeting $100 profit zones. Market participants are repositioning. 4. A long put butterfly trade is recommended using 100, 80, and 60 strike options. Profit potential is significant. 5. Relative resistance is near $125 and support around $65. Risk management is emphasized.