Deep-pocketed investors have adopted a bearish 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 10 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 30% leaning bullish and 70% bearish. Among these notable options, 3 are puts, totaling $100,302, and 7 are calls, amounting to $396,261.
Projected Price Targets
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 $25.0 for Palantir Technologies during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $15.0 to $25.0 in the last 30 days.
Palantir Technologies 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BEARISH | 01/17/25 | $15.00 | $116.0K | 24.1K | 103 |
| PLTR | CALL | SWEEP | BEARISH | 01/17/25 | $20.00 | $65.6K | 27.3K | 0 |
| PLTR | CALL | TRADE | BULLISH | 01/17/25 | $15.00 | $58.6K | 24.1K | 3 |
| PLTR | CALL | SWEEP | BEARISH | 05/17/24 | $17.00 | $51.5K | 1.4K | 50 |
| PLTR | CALL | SWEEP | BEARISH | 01/19/24 | $20.00 | $46.1K | 80.8K | 424 |
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
Palantir Technologies's Current Market Status
- With a trading volume of 13,136,621, the price of PLTR is up by 0.53%, reaching $17.22.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 67 days from now.
What Analysts Are Saying About Palantir Technologies
2 market experts have recently issued ratings for this stock, with a consensus target price of $5.0.
- An analyst from RBC Capital downgraded its action to Underperform with a price target of $5.
- An analyst from RBC Capital has revised its rating downward to Underperform, adjusting the price target to $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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