How To Trade PLTR Being Added To The S&P 500

September 10, 2024

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Palantir Technologies (PLTR) is in the news after Friday's announcement that the stock is being added to the S&P 500 index.

No wonder - inclusion into the S&P 500 has triggered automatic buying, as index funds and others who have to match the S&P 500 are now forced to add PLTR stock to their portfolio.

As I'm writing this, the stock is trading at about $34.50, down slightly for the day after a huge, 14% runup since the Friday announcement. But this is far from the end of the stock's movement.

A core feature of 'Trading Waves' is the daily table-view post by Chris Capre. This cheat sheet is a compilation of his selected insights from the day's options flow data, offering perspectives that Chris employs for his trades.