High-rolling investors have positioned themselves bullish on Palantir Technologies 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 9 options trades for Palantir Technologies. This is not a typical pattern.
The sentiment among these major traders is split, with 77% bullish and 22% bearish. Among all the options we identified, there was one put, amounting to $55,637, and 8 calls, totaling $1,024,168.
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 $15.0 to $37.0 for Palantir Technologies during the past quarter.
Analyzing Volume & Open Interest
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 $15.0 to $37.0 in the last 30 days.
Palantir Technologies Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BULLISH | 01/17/25 | $15.00 | $430.5K | 20.8K | 316 |
| PLTR | CALL | SWEEP | BULLISH | 01/17/25 | $15.00 | $251.7K | 20.8K | 3 |
| PLTR | CALL | TRADE | BULLISH | 01/17/25 | $15.00 | $126.4K | 20.8K | 203 |
| PLTR | PUT | SWEEP | BEARISH | 12/20/24 | $25.00 | $55.6K | 1.7K | 125 |
| PLTR | CALL | TRADE | BULLISH | 03/15/24 | $26.00 | $54.0K | 26.8K | 2.3K |
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.
After a thorough review of the options trading surrounding Palantir Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Palantir Technologies Standing Right Now?
- With a trading volume of 9,727,524, the price of PLTR is down by -0.54%, reaching $25.9.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 56 days from now.
Expert Opinions on Palantir Technologies
In the last month, 3 experts released ratings on this stock with an average target price of $28.0.
- Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Palantir Technologies with a target price of $21.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Palantir Technologies with a target price of $28.
- An analyst from Wedbush has decided to maintain their Outperform rating on Palantir Technologies, which currently sits at a price target of $35.
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.
© 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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