Looking At Palantir Technologies's Recent Unusual Options Activity

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 27 trades.

If we consider the specifics of each trade, it is accurate to state that 29% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $209,095 and 23, calls, for a total amount of $1,569,377.

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 $13.0 and $40.0 for Palantir Technologies, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Palantir Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Palantir Technologies's substantial trades, within a strike price spectrum from $13.0 to $40.0 over the preceding 30 days.

Palantir Technologies Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PLTR CALL SWEEP BULLISH 05/17/24 $2.09 $2.07 $2.08 $22.50 $257.2K 4.6K 318
PLTR CALL SWEEP BULLISH 05/17/24 $2.09 $2.06 $2.08 $22.50 $217.5K 4.6K 318
PLTR CALL SWEEP BULLISH 05/17/24 $3.7 $3.6 $3.7 $20.00 $184.9K 7.2K 671
PLTR CALL SWEEP BEARISH 06/20/25 $5.05 $4.95 $4.95 $27.00 $99.0K 3.3K 213
PLTR PUT TRADE BEARISH 05/17/24 $2.18 $2.13 $2.17 $24.00 $86.8K 10.4K 6

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

  • With a volume of 27,202,902, the price of PLTR is up 2.39% at $23.09.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 3 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.

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Posted In: OptionsMarketsBZI-UOA
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