27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on Palantir Technologies.
Looking at options history for Palantir Technologies (NYSE:PLTR) we detected 14 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 64.29% of the investors opened trades with bullish expectations and 35.71% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $184,780.00 and 9, calls, for a total amount of $398,201.00.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $18.0 to $40.0 for Palantir Technologies over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Palantir Technologies's options for a given strike price.
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Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palantir Technologies's whale activity within a strike price range from $18.0 to $40.0 in the last 30 days.
Palantir Technologies Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | TRADE | BULLISH | 01/19/24 | $27.00 | $109.6K | 3.3K | 302 |
| PLTR | CALL | TRADE | BULLISH | 01/19/24 | $27.00 | $58.0K | 3.3K | 985 |
| PLTR | CALL | TRADE | BEARISH | 01/19/24 | $25.00 | $54.4K | 9.2K | 106 |
| PLTR | PUT | SWEEP | BULLISH | 06/17/22 | $32.00 | $43.1K | 823 | 39 |
| PLTR | PUT | TRADE | BULLISH | 12/17/21 | $30.00 | $41.5K | 5.7K | 50 |
Where Is Palantir Technologies Standing Right Now?
- With a volume of 14,156,954.00, the price of PLTR is up 0.37% at $21.58.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 88 days.
What The Experts Say On Palantir Technologies:
- RBC Capital downgraded its action to Underperform with a price target of $19.0
- Morgan Stanley has decided to maintain their Underweight rating on Palantir Technologies, which currently sits at a price target of $24.0.
- Deutsche Bank downgraded its action to Hold with a price target of $25.0
- Credit Suisse downgraded its action to Neutral with a price target of $25.0
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.