Looking At Palantir Technologies's Recent Unusual Options Activity

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 26 trades.

If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $211,097 and 22, calls, for a total amount of $1,272,719.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $18.0 to $30.0 for Palantir Technologies during the past quarter.

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.

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 $30.0 in the last 30 days.

Palantir Technologies Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Present Market Standing of Palantir Technologies

• Trading volume stands at 39,246,397, with PLTR's price down by -2.13%, positioned at $24.4.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 63 days.

Professional Analyst Ratings for Palantir Technologies

5 market experts have recently issued ratings for this stock, with a consensus target price of $20.0.

• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Palantir Technologies with a target price of $25.
• An analyst from Wedbush persists with their Outperform rating on Palantir Technologies, maintaining a target price of $30.
• In a cautious move, an analyst from RBC Capital downgraded its rating to Underperform, setting a price target of $5.
• Showing optimism, an analyst from Jefferies upgrades its rating to Hold with a revised price target of $22.
• An analyst from Mizuho has decided to maintain their Neutral rating on Palantir Technologies, which currently sits at a price target of $18.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Palantir Technologies with Benzinga Pro for real-time alerts.