Investors with a lot of money to spend have taken a bullish stance on Palantir Technologies PLTR.
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 47 uncommon options trades for Palantir Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 38%, bearish.
Out of all of the special options we uncovered, 13 are puts, for a total amount of $871,372, and 34 are calls, for a total amount of $2,112,483.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $65.0 for Palantir Technologies over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Palantir Technologies options trades today is 6416.19 with a total volume of 25,684.00.
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 $15.0 to $65.0 over the last 30 days.
Palantir Technologies Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PLTR | PUT | TRADE | BULLISH | 01/16/26 | $6.9 | $6.15 | $6.15 | $37.00 | $250.3K | 4.0K | 412 |
| PLTR | CALL | SWEEP | BULLISH | 11/29/24 | $8.85 | $8.75 | $8.85 | $35.00 | $177.0K | 16 | 207 |
| PLTR | CALL | SWEEP | BULLISH | 10/18/24 | $13.85 | $13.8 | $13.85 | $29.00 | $138.5K | 6.1K | 167 |
| PLTR | CALL | SWEEP | BEARISH | 06/20/25 | $14.95 | $14.8 | $14.8 | $30.00 | $133.2K | 10.0K | 91 |
| PLTR | PUT | SWEEP | BEARISH | 11/15/24 | $3.4 | $3.3 | $3.35 | $43.00 | $114.5K | 9.4K | 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.
Present Market Standing of Palantir Technologies
- Trading volume stands at 31,035,434, with PLTR's price up by 2.31%, positioned at $42.97.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 17 days.
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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.
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