Spotlight on Palantir Technologies: Analyzing the Surge in Options Activity

Palantir Technologies +0.51%

Palantir Technologies

PLTR

21.76

+0.51%

Whales with a lot of money to spend have taken a noticeably bearish stance on Palantir Technologies.

Looking at options history for Palantir Technologies (NYSE:PLTR) we detected 13 trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $239,475 and 11, calls, for a total amount of $1,244,603.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $30.0 for Palantir Technologies during the past quarter.

Volume & Open Interest Development

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 $10.0 to $30.0 in the last 30 days.

Palantir Technologies Option Activity Analysis: Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PLTR CALL SWEEP BULLISH 01/16/26 $30.00 $750.1K 5.4K 2.6K
PLTR PUT SWEEP BEARISH 06/20/25 $22.00 $203.5K 1.7K 291
PLTR CALL SWEEP BEARISH 05/17/24 $21.00 $159.1K 7.6K 1.5K
PLTR CALL SWEEP BEARISH 01/16/26 $20.00 $63.8K 8.1K 153
PLTR CALL SWEEP NEUTRAL 03/15/24 $18.00 $40.5K 15.2K 693

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

  • Trading volume stands at 17,860,080, with PLTR's price up by 0.06%, positioned at $17.1.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 6 days.

What Analysts Are Saying About Palantir Technologies

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $13.0.

  • An analyst from Jefferies downgraded its action to Underperform with a price target of $13.

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.

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