Deep-pocketed investors have adopted a bullish approach towards Palantir Technologies PLTR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PLTR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for Palantir Technologies. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $341,378, and 26 are calls, amounting to $2,045,891.
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 $10.0 and $26.0 for Palantir Technologies, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Palantir Technologies options trades today is 18366.0 with a total volume of 25,681.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Palantir Technologies's big money trades within a strike price range of $10.0 to $26.0 over the last 30 days.
Palantir Technologies Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BULLISH | 01/19/24 | $13.00 | $172.5K | 37.2K | 2.0K |
| PLTR | CALL | SWEEP | BULLISH | 01/19/24 | $13.00 | $172.5K | 37.2K | 1.5K |
| PLTR | CALL | SWEEP | BULLISH | 01/19/24 | $13.00 | $172.5K | 37.2K | 1.2K |
| PLTR | CALL | SWEEP | BULLISH | 01/19/24 | $13.00 | $172.5K | 37.2K | 1.0K |
| PLTR | CALL | SWEEP | BULLISH | 01/19/24 | $13.00 | $170.0K | 37.2K | 3.0K |
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.
In light of the recent options history for Palantir Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Palantir Technologies's Current Market Status
- Trading volume stands at 57,293,027, with PLTR's price down by -2.71%, positioned at $19.72.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 70 days.
Expert Opinions on Palantir Technologies
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $5.0.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Underperform, setting a price target of $5.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Underperform, setting a price target of $5.
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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