Whales with a lot of money to spend have taken a noticeably bearish stance on Palantir Technologies.
Looking at options history for Palantir Technologies PLTR we detected 24 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $79,500 and 22, calls, for a total amount of $5,174,844.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $38.0 for Palantir Technologies, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Palantir Technologies stands at 9428.26, with a total volume reaching 39,714.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Palantir Technologies, situated within the strike price corridor from $15.0 to $38.0, throughout the last 30 days.
Palantir Technologies 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BULLISH | 08/16/24 | $29.00 | $1.2M | 6.3K | 0 |
| PLTR | CALL | SWEEP | BEARISH | 12/20/24 | $30.00 | $1.2M | 6.1K | 7 |
| PLTR | CALL | TRADE | BEARISH | 09/20/24 | $32.00 | $768.0K | 10.1K | 15.0K |
| PLTR | CALL | SWEEP | BULLISH | 09/20/24 | $33.00 | $531.8K | 4.1K | 0 |
| PLTR | CALL | TRADE | NEUTRAL | 01/17/25 | $25.00 | $183.0K | 18.3K | 886 |
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.
Having examined the options trading patterns of Palantir Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Palantir Technologies
- Currently trading with a volume of 31,605,448, the PLTR's price is up by 4.71%, now at $23.81.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 74 days.
What Analysts Are Saying About Palantir Technologies
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $18.0.
- An analyst from RBC Capital downgraded its action to Underperform with a price target of $5.
- An analyst from Raymond James persists with their Outperform rating on Palantir Technologies, maintaining a target price of $25.
- An analyst from Jefferies has elevated its stance to Hold, setting a new price target at $22.
- An analyst from Citigroup has elevated its stance to Neutral, setting a new price target at $20.
- Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Palantir Technologies, targeting a price of $18.
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 |
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