From Meme to Twink

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Precisely a month ago, Palantir, the creepy data-gathering firm founded by the ever-so-weird Alex Karp, was the absolutely darling of /wsb-land. If anyone was bold enough, the brilliant move would have been to sell OTM puts left, right, and sideways, because the assumption was PLTR was going to go up 15% every day until the end of time. The fanboys at WSB had their best kneepads on. It was pathetic. Suffice it to say that PLTR has utterly flamed out into nothing-ville.

Need further proof? Just a quick peek, via SlopeCharts, at IV Rank.