Deep-pocketed investors have adopted a bullish approach towards Palantir Technologies (NYSE: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 13 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 76% leaning bullish and 23% bearish. Among these notable options, 5 are puts, totaling $538,095, and 8 are calls, amounting to $553,115.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $11.0 and $22.0 for Palantir Technologies, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Palantir Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Palantir Technologies's substantial trades, within a strike price spectrum from $11.0 to $22.0 over the preceding 30 days.
Palantir Technologies Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLTR | PUT | TRADE | BULLISH | 06/21/24 | $11.00 | $249.6K | 909 | 4.8K |
| PLTR | PUT | SWEEP | BEARISH | 04/19/24 | $16.00 | $117.3K | 5.5K | 3.0K |
| PLTR | CALL | SWEEP | BULLISH | 06/21/24 | $20.00 | $105.0K | 16.6K | 1.1K |
| PLTR | CALL | SWEEP | BULLISH | 01/17/25 | $15.00 | $104.6K | 23.8K | 568 |
| PLTR | PUT | SWEEP | BULLISH | 05/17/24 | $20.00 | $98.5K | 1.4K | 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.
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 17,408,412, the price of PLTR is down by -1.46%, reaching $16.92.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 41 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Palantir Technologies, Benzinga Pro gives you real-time options trades alerts.
