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 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 50% leaning bullish and 50% bearish. Among these notable options, 6 are puts, totaling $341,398, and 4 are calls, amounting to $308,660.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $13.0 to $23.0 for Palantir Technologies over the last 3 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 $13.0 to $23.0 over the preceding 30 days.
Palantir Technologies Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | TRADE | BEARISH | 03/15/24 | $16.00 | $200.9K | 9.7K | 35 |
| PLTR | PUT | SWEEP | BEARISH | 02/16/24 | $19.00 | $97.9K | 6.1K | 0 |
| PLTR | PUT | SWEEP | BULLISH | 01/12/24 | $16.00 | $68.0K | 8.2K | 5.0K |
| PLTR | PUT | SWEEP | BEARISH | 01/12/24 | $16.00 | $64.0K | 8.2K | 885 |
| PLTR | PUT | SWEEP | BEARISH | 01/12/24 | $16.00 | $48.4K | 8.2K | 14.7K |
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
Where Is Palantir Technologies Standing Right Now?
- With a volume of 13,263,476, the price of PLTR is down -0.78% at $16.54.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 34 days.
Professional Analyst Ratings for Palantir Technologies
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $13.0.
- An analyst from Jefferies downgraded its action to Underperform with a price target of $13.
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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