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 73 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 47% leaning bullish and 46% bearish. Among these notable options, 8 are puts, totaling $498,691, and 65 are calls, amounting to $5,899,463.
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 $15.0 to $90.0 for Palantir Technologies over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Palantir Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Palantir Technologies's significant trades, within a strike price range of $15.0 to $90.0, over the past month.
Palantir Technologies 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BULLISH | 11/15/24 | $7.9 | $7.85 | $7.85 | $55.00 | $628.7K | 12.7K | 1.2K |
| PLTR | CALL | SWEEP | BULLISH | 11/15/24 | $6.6 | $6.55 | $6.55 | $55.00 | $471.6K | 12.7K | 3.5K |
| PLTR | CALL | TRADE | BEARISH | 01/17/25 | $31.35 | $31.15 | $31.2 | $32.00 | $312.0K | 13.0K | 219 |
| PLTR | CALL | TRADE | BULLISH | 12/20/24 | $21.35 | $21.35 | $21.35 | $41.00 | $213.5K | 1.9K | 102 |
| PLTR | CALL | SWEEP | BEARISH | 09/19/25 | $13.7 | $13.65 | $13.65 | $65.00 | $202.0K | 6.2K | 616 |
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.
In light of the recent options history for Palantir Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Palantir Technologies Standing Right Now?
- Trading volume stands at 77,709,727, with PLTR's price up by 1.75%, positioned at $60.9.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 82 days.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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