$PLTR looking good for a straddle

Retail crowd favourite Palantir PLTR has recently caught our eye for having low implied volatility and a contraction in recent historical volatility which usually happens before an expansion.. since it has very actively traded options, gamma buildup could easily get this thing swinging big again.. we’re looking at the NOV’19 ATM $26 straddle for a debit of $4.62, we would close at 80% profit or loss of premium, whichever comes first.. over the last year historical volatility has averaged 85%.. current ATM straddle is 50% IV.. 3-Day chart shown above..