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 11 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 54% leaning bullish and 45% bearish. Among these notable options, 3 are puts, totaling $502,266, and 8 are calls, amounting to $350,555.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $30.0 for Palantir Technologies over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Palantir Technologies options trades today is 12754.91 with a total volume of 2,873.00.
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 $10.0 to $30.0 over the last 30 days.
Palantir Technologies Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | PUT | SWEEP | BULLISH | 05/17/24 | $22.00 | $392.8K | 22.6K | 3 |
| PLTR | CALL | TRADE | BULLISH | 05/17/24 | $25.00 | $98.6K | 54.4K | 727 |
| PLTR | PUT | TRADE | NEUTRAL | 03/28/24 | $23.00 | $71.2K | 935 | 801 |
| PLTR | CALL | SWEEP | BULLISH | 04/19/24 | $23.00 | $50.0K | 3.2K | 151 |
| PLTR | CALL | TRADE | BULLISH | 06/21/24 | $30.00 | $40.4K | 20.4K | 5 |
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.
Having examined the options trading patterns of Palantir Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Palantir Technologies
- With a trading volume of 17,101,736, the price of PLTR is down by -0.64%, reaching $25.03.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 81 days from now.
Expert Opinions on Palantir Technologies
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $23.0.
- An analyst from Citigroup upgraded its action to Neutral with a price target of $20.
- Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Palantir Technologies, targeting a price of $30.
- An analyst from Raymond James has decided to maintain their Outperform rating on Palantir Technologies, which currently sits at a price target of $25.
- An analyst from Jefferies has elevated its stance to Hold, setting a new price target at $22.
- Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Palantir Technologies with a target price of $18.
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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