Financial giants have made a conspicuous bearish move on Palantir Technologies. Our analysis of options history for Palantir Technologies PLTR revealed 19 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $268,269, and 13 were calls, valued at $617,750.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $35.0 for Palantir Technologies during the past quarter.
Analyzing Volume & Open Interest
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 $10.0 to $35.0 in the last 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 | SWEEP | BULLISH | 01/16/26 | $11.3 | $11.05 | $11.3 | $15.00 | $180.8K | 8.0K | 0 |
| PLTR | CALL | SWEEP | BULLISH | 06/21/24 | $2.98 | $2.95 | $2.98 | $22.00 | $89.4K | 10.1K | 601 |
| PLTR | PUT | SWEEP | BULLISH | 01/17/25 | $5.75 | $5.65 | $5.7 | $25.00 | $69.5K | 9.5K | 0 |
| PLTR | PUT | SWEEP | BEARISH | 06/21/24 | $7.15 | $7.1 | $7.1 | $29.00 | $65.3K | 293 | 93 |
| PLTR | PUT | SWEEP | BULLISH | 01/17/25 | $5.75 | $5.7 | $5.7 | $25.00 | $47.3K | 9.5K | 635 |
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.
Current Position of Palantir Technologies
- Trading volume stands at 5,398,222, with PLTR's price down by -0.44%, positioned at $22.62.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 33 days.
Expert Opinions on Palantir Technologies
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $26.0.
- An analyst from Monness, Crespi, Hardt has revised its rating downward to Sell, adjusting the price target to $20.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Palantir Technologies with a target price of $28.
- An analyst from Mizuho has decided to maintain their Neutral rating on Palantir Technologies, which currently sits at a price target of $21.
- Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Palantir Technologies with a target price of $35.
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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