Investors with a lot of money to spend have taken a bullish stance on Palantir Technologies PLTR.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PLTR, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 24 uncommon options trades for Palantir Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 58% bullish and 37%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $782,110, and 15 are calls, for a total amount of $713,152.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $19.0 to $25.0 for Palantir Technologies during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $19.0 to $25.0 in the last 30 days.
Palantir Technologies 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PLTR | PUT | SWEEP | BULLISH | 06/21/24 | $2.2 | $2.17 | $2.18 | $21.00 | $325.8K | 8.1K | 1.5K |
| PLTR | PUT | TRADE | BULLISH | 05/10/24 | $2.78 | $2.77 | $2.77 | $22.50 | $138.5K | 1.7K | 533 |
| PLTR | CALL | SWEEP | BULLISH | 09/20/24 | $3.75 | $3.7 | $3.75 | $20.00 | $98.6K | 7.7K | 3 |
| PLTR | PUT | SWEEP | BULLISH | 06/21/24 | $2.19 | $2.17 | $2.17 | $21.00 | $89.8K | 8.1K | 2.4K |
| PLTR | CALL | TRADE | BEARISH | 01/16/26 | $7.4 | $7.25 | $7.3 | $20.00 | $73.0K | 12.6K | 665 |
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 trading volume of 16,507,267, the price of PLTR is up by 1.1%, reaching $20.7.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 14 days from now.
Professional Analyst Ratings for 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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