Market Whales and Their Recent Bets on PLTR Options

Investors with a lot of money to spend have taken a bullish stance on Palantir Technologies PLTR.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PLTR, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 28 uncommon options trades for Palantir Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 42%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $261,629, and 22 are calls, for a total amount of $1,073,606.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $29.0 for Palantir Technologies over the recent three months.

Volume & Open Interest Trends

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 $10.0 to $29.0 over the preceding 30 days.

Palantir Technologies 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PLTR CALL TRADE BULLISH 01/16/26 $13.35 $13.2 $13.3 $13.00 $123.6K 4.7K 7
PLTR CALL SWEEP BULLISH 01/17/25 $3.85 $3.75 $3.85 $25.00 $100.1K 31.3K 32
PLTR PUT SWEEP BEARISH 08/16/24 $3.9 $3.85 $3.9 $27.00 $98.6K 3.2K 0
PLTR CALL SWEEP BULLISH 09/20/24 $2.7 $2.68 $2.7 $24.00 $89.9K 4.8K 336
PLTR CALL SWEEP BEARISH 11/15/24 $4.25 $4.2 $4.2 $23.00 $84.0K 1.4K 103

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.

Palantir Technologies's Current Market Status

  • Trading volume stands at 21,102,858, with PLTR's price up by 0.42%, positioned at $23.95.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 54 days.

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.

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Posted In: OptionsMarketsBZI-UOA
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