Whales with a lot of money to spend have taken a noticeably bullish stance on Palantir Technologies.
Looking at options history for Palantir Technologies (NASDAQ:PLTR) we detected 41 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 34% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $55,145 and 39, calls, for a total amount of $1,942,101.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $100.0 for Palantir Technologies over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Palantir Technologies stands at 9104.64, with a total volume reaching 96,652.00. 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 $20.0 to $100.0, throughout the last 30 days.
Palantir Technologies Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BULLISH | 12/27/24 | $4.0 | $3.95 | $4.0 | $80.00 | $113.6K | 19.9K | 4.3K |
| PLTR | CALL | TRADE | BULLISH | 06/20/25 | $10.3 | $10.2 | $10.3 | $100.00 | $103.0K | 2.6K | 0 |
| PLTR | CALL | TRADE | BULLISH | 04/17/25 | $24.5 | $24.1 | $24.5 | $65.00 | $98.0K | 7.4K | 41 |
| PLTR | CALL | SWEEP | NEUTRAL | 12/27/24 | $3.65 | $3.6 | $3.6 | $80.00 | $80.7K | 19.9K | 5.4K |
| PLTR | CALL | SWEEP | BULLISH | 12/27/24 | $3.55 | $3.5 | $3.51 | $80.00 | $71.4K | 19.9K | 2.1K |
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
- Currently trading with a volume of 1,988,024, the PLTR's price is up by 0.96%, now at $81.47.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 41 days.
What The Experts Say 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 $68.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.* Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Palantir Technologies, targeting a price of $75. * Reflecting concerns, an analyst from UBS lowers its rating to Neutral with a new price target of $80.* An analyst from Wedbush persists with their Outperform rating on Palantir Technologies, maintaining a target price of $75. * An analyst from Baird has revised its rating downward to Neutral, adjusting the price target to $70. * An analyst from Mizuho persists with their Underperform rating on Palantir Technologies, maintaining a target price of $44.
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.
