Whales with a lot of money to spend have taken a noticeably bullish stance on Palantir Technologies.
Looking at options history for Palantir Technologies PLTR we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $352,967 and 9, calls, for a total amount of $750,475.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $21.0 for Palantir Technologies during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Palantir Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Palantir Technologies's significant trades, within a strike price range of $10.0 to $21.0, over the past month.
Palantir Technologies Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BEARISH | 01/16/26 | $13.00 | $279.6K | 3.3K | 600 |
| PLTR | CALL | SWEEP | BULLISH | 01/17/25 | $15.00 | $110.0K | 24.8K | 316 |
| PLTR | CALL | TRADE | BULLISH | 03/15/24 | $17.00 | $94.5K | 11.5K | 577 |
| PLTR | CALL | SWEEP | BULLISH | 06/21/24 | $14.00 | $87.4K | 717 | 184 |
| PLTR | PUT | SWEEP | BULLISH | 08/16/24 | $10.00 | $68.2K | 225 | 7.0K |
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.
Following our analysis of the options activities associated with Palantir Technologies, we pivot to a closer look at the company's own performance.
Where Is Palantir Technologies Standing Right Now?
- Trading volume stands at 10,420,697, with PLTR's price up by 1.04%, positioned at $17.51.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 12 days.
What Analysts Are Saying About Palantir Technologies
1 market experts have recently issued ratings for this stock, with a consensus target price of $13.0.
- In a cautious move, an analyst from Jefferies downgraded its rating to Underperform, setting a price target of $13.
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 want to stay updated on the latest options trades for Palantir Technologies, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
