“Bought fresh out-of-the-money Palantir put options expiring in March 2027 with strike prices in the low-to-mid $100s — rebuilding the bearish bet while Palantir traded near $175 — on the thesis that the stock is grossly overvalued and that Palantir underreports stock-based compensation at roughly $5 billion annually.”

Resolves on the March 2027 options expiration: the bet pays off only if Palantir falls below roughly $100–$130 by then.