Deep-pocketed investors have adopted a bearish 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 9 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 22% leaning bullish and 77% bearish. Among these notable options, 2 are puts, totaling $56,725, and 7 are calls, amounting to $564,765.
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 $17.0 to $34.0 for Palantir Technologies over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Palantir Technologies options trades today is 8340.14 with a total volume of 546.00.
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 $17.0 to $34.0 over the last 30 days.
Palantir Technologies 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BEARISH | 01/16/26 | $8.45 | $7.35 | $7.37 | $22.00 | $147.1K | 6.5K | 204 |
| PLTR | CALL | SWEEP | BULLISH | 07/19/24 | $4.9 | $4.85 | $4.9 | $18.00 | $146.5K | 818 | 0 |
| PLTR | CALL | SWEEP | BEARISH | 01/17/25 | $4.75 | $4.65 | $4.65 | $22.00 | $130.2K | 12.7K | 118 |
| PLTR | CALL | TRADE | BEARISH | 01/17/25 | $5.3 | $4.75 | $4.75 | $22.00 | $47.5K | 12.7K | 0 |
| PLTR | CALL | TRADE | BEARISH | 06/20/25 | $8.8 | $8.1 | $8.25 | $17.00 | $41.2K | 6.7K | 0 |
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.
Following our analysis of the options activities associated with Palantir Technologies, we pivot to a closer look at the company's own performance.
Palantir Technologies's Current Market Status
- Currently trading with a volume of 1,820,570, the PLTR's price is down by -0.86%, now at $21.71.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 20 days.
Expert Opinions on Palantir Technologies
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $20.0.
- An analyst from Monness, Crespi, Hardt downgraded its action to Sell with a price target of $20.
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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