Financial giants have made a conspicuous bullish move on Palantir Technologies. Our analysis of options history for Palantir Technologies (NYSE:PLTR) revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $391,161, and 6 were calls, valued at $337,300.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $40.0 for Palantir Technologies during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Palantir Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Palantir Technologies's significant trades, within a strike price range of $25.0 to $40.0, over the past month.
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 | PUT | SWEEP | BEARISH | 11/15/24 | $9.75 | $9.65 | $9.75 | $36.00 | $239.8K | 9 | 156 |
| PLTR | PUT | SWEEP | BEARISH | 11/15/24 | $9.7 | $9.65 | $9.7 | $36.00 | $151.3K | 9 | 156 |
| PLTR | CALL | SWEEP | BULLISH | 03/21/25 | $4.2 | $4.15 | $4.15 | $30.00 | $124.5K | 5.8K | 303 |
| PLTR | CALL | SWEEP | BULLISH | 08/02/24 | $0.42 | $0.4 | $0.42 | $28.00 | $63.1K | 14.9K | 2.7K |
| PLTR | CALL | SWEEP | BEARISH | 01/16/26 | $4.35 | $4.25 | $4.25 | $40.00 | $42.5K | 23.0K | 303 |
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.
Where Is Palantir Technologies Standing Right Now?
- With a trading volume of 7,386,589, the price of PLTR is up by 1.78%, reaching $27.11.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 10 days from now.
Expert Opinions on Palantir Technologies
1 market experts have recently issued ratings for this stock, with a consensus target price of $22.0.
- An analyst from Mizuho has revised its rating downward to Underperform, adjusting the price target to $22.
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.