Whales with a lot of money to spend have taken a noticeably bearish stance on Palantir Technologies.
Looking at options history for Palantir Technologies PLTR we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $76,600 and 13, calls, for a total amount of $1,012,498.
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 $13.0 to $22.0 for Palantir Technologies over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Palantir Technologies stands at 15768.73, with a total volume reaching 28,495.00. 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 $13.0 to $22.0, throughout the last 30 days.
Palantir Technologies Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | TRADE | BEARISH | 01/19/24 | $13.00 | $131.4K | 32.8K | 2.8K |
| PLTR | CALL | SWEEP | BEARISH | 01/19/24 | $13.00 | $131.1K | 32.8K | 3.4K |
| PLTR | CALL | TRADE | BULLISH | 01/19/24 | $13.00 | $126.0K | 32.8K | 1.8K |
| PLTR | CALL | TRADE | NEUTRAL | 01/19/24 | $13.00 | $124.4K | 32.8K | 3.2K |
| PLTR | CALL | SWEEP | BULLISH | 12/01/23 | $19.50 | $96.9K | 3.4K | 6.4K |
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
- With a trading volume of 29,992,683, the price of PLTR is down by -1.78%, reaching $19.34.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 80 days from now.
What The Experts Say On Palantir Technologies
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $5.0.
- In a cautious move, an analyst from RBC Capital downgraded its rating to Underperform, setting a price target of $5.
- An analyst from RBC Capital has revised its rating downward to Underperform, adjusting the price target to $5.
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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