Software firm, Palantir (NASDAQ: PLTR) is up more than 8.5% after reporting solid earnings growth on Monday. The company posted first-quarter revenue of $884 million, which was above analyst expectations of $863 million.

Palantir Technologies Inc.’s stock is falling more than 13% on Tuesday, despite the company’s solid first-quarter earnings and better-than-expected guidance.

Palantir Technologies (PLTR, Financials) will report quarterly results after the market closes Monday, and traders are bracing for a major move. Options pricing implies a swing of more than 12%, which could push the stock to a new all-time high near $139or knock it back to $108.