Financial giants have made a conspicuous bullish move on Palantir Technologies. Our analysis of options history for Palantir Technologies PLTR revealed 22 unusual trades.
Delving into the details, we found 72% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $777,791, and 16 were calls, valued at $826,684.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $3.0 to $30.0 for Palantir Technologies over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $3.0 to $30.0 in the last 30 days.
Palantir Technologies Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | PUT | SWEEP | BULLISH | 05/17/24 | $16.00 | $380.0K | 13.0K | 2.0K |
| PLTR | PUT | TRADE | BULLISH | 08/16/24 | $13.00 | $178.5K | 5.4K | 1.5K |
| PLTR | CALL | SWEEP | BULLISH | 06/20/25 | $22.00 | $94.2K | 2.1K | 290 |
| PLTR | CALL | SWEEP | BULLISH | 04/19/24 | $15.00 | $87.0K | 1.8K | 433 |
| PLTR | CALL | SWEEP | BULLISH | 06/20/25 | $15.00 | $83.9K | 2.8K | 150 |
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.
Present Market Standing of Palantir Technologies
- With a volume of 17,764,254, the price of PLTR is down -1.07% at $16.58.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 27 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 has revised its rating downward to Underperform, adjusting the price target to $13.
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.
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