In the wake of Wednesday's plummet in Palantir (PLTR), Rick Ducat examines key technical points on the chart to monitor. Earlier this week, PLTR CEO Alex Karp disclosed in a company filing that he will have the ability to sell nearly 10m shares of company stock over the next 6 months. Meanwhile, a Washington Post report says Pentagon leaders have been ordered to slash the defense budget which sent defense names like PLTR lower. Tom White weighs the risks and examines an example options trade in PLTR.