Someone with a lot of money to spend has taken a bearish stance on Palantir Technologies PLTR.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, 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 this whale just did?
Today, Benzinga's options scanner spotted 12 uncommon options trades for Palantir Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $214,785, and 10 are calls, for a total amount of $438,965.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $25.0 for Palantir Technologies over the recent three months.
Analyzing Volume & Open Interest
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 $25.0 over the preceding 30 days.
Palantir Technologies Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | PUT | SWEEP | BULLISH | 02/16/24 | $22.00 | $126.2K | 365 | 3 |
| PLTR | PUT | SWEEP | BULLISH | 11/24/23 | $18.00 | $88.5K | 1.0K | 1.7K |
| PLTR | CALL | SWEEP | BEARISH | 05/17/24 | $20.00 | $68.2K | 2.8K | 505 |
| PLTR | CALL | SWEEP | BEARISH | 05/17/24 | $20.00 | $67.5K | 2.8K | 73 |
| PLTR | CALL | SWEEP | BEARISH | 03/15/24 | $18.00 | $59.8K | 3.6K | 578 |
Present Market Standing of Palantir Technologies
- With a trading volume of 18,499,732, the price of PLTR has up by 0.32%, reaching $18.86. Current RSI values indicate that the stock is may be approaching overbought. Next earnings report is scheduled for 96 days from now.
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.
© 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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