Investors with a lot of money to spend have taken a bearish stance on Palantir Technologies PLTR.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PLTR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Palantir Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $26,715, and 8, calls, for a total amount of $629,735.
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 $21.0 and $29.0 for Palantir Technologies, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Palantir Technologies stands at 10786.0, with a total volume reaching 24,060.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Palantir Technologies, situated within the strike price corridor from $21.0 to $29.0, throughout the last 30 days.
Palantir Technologies Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BEARISH | 06/21/24 | $0.96 | $0.95 | $0.95 | $23.00 | $279.1K | 26.0K | 9.2K |
| PLTR | CALL | SWEEP | BEARISH | 03/21/25 | $4.05 | $3.95 | $4.0 | $25.00 | $75.2K | 1.2K | 192 |
| PLTR | CALL | SWEEP | BULLISH | 06/14/24 | $1.21 | $1.17 | $1.2 | $22.50 | $59.7K | 6.4K | 3.5K |
| PLTR | CALL | SWEEP | BULLISH | 09/20/24 | $1.06 | $1.02 | $1.06 | $29.00 | $53.0K | 3.9K | 20 |
| PLTR | CALL | SWEEP | BEARISH | 06/14/24 | $0.55 | $0.54 | $0.55 | $23.50 | $48.2K | 7.1K | 9.5K |
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.
Following our analysis of the options activities associated with Palantir Technologies, we pivot to a closer look at the company's own performance.
Palantir Technologies's Current Market Status
- With a trading volume of 12,814,922, the price of PLTR is up by 0.48%, reaching $23.07.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 60 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Palantir Technologies options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
