27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
High-rolling investors have positioned themselves bullish on Palantir Technologies (NYSE:PLTR), and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PLTR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 14 options trades for Palantir Technologies. This is not a typical pattern.
The sentiment among these major traders is split, with 85% bullish and 14% bearish. Among all the options we identified, there was one put, amounting to $101,572, and 13 calls, totaling $1,087,891.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $14.0 to $20.0 for Palantir Technologies over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Palantir Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palantir Technologies's whale trades within a strike price range from $14.0 to $20.0 in the last 30 days.
Palantir Technologies Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BULLISH | 01/19/24 | $14.00 | $116.0K | 7.8K | 1.8K |
| PLTR | CALL | SWEEP | BULLISH | 01/19/24 | $14.00 | $116.0K | 7.8K | 1.4K |
| PLTR | CALL | SWEEP | BULLISH | 01/19/24 | $14.00 | $116.0K | 7.8K | 802 |
| PLTR | CALL | SWEEP | BULLISH | 01/19/24 | $14.00 | $116.0K | 7.8K | 402 |
| PLTR | CALL | SWEEP | BULLISH | 01/19/24 | $14.00 | $115.9K | 7.8K | 1.0K |
About Palantir Technologies
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
In light of the recent options history for Palantir Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Palantir Technologies
- Trading volume stands at 9,757,930, with PLTR's price down by -0.61%, positioned at $19.55.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 91 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Palantir Technologies options trades with real-time alerts from Benzinga Pro.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!