Deep-pocketed investors have adopted a bullish approach towards Palantir Technologies (NASDAQ: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 39 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 46% leaning bullish and 35% bearish. Among these notable options, 15 are puts, totaling $937,455, and 24 are calls, amounting to $1,824,099.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $90.0 for Palantir Technologies during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Palantir Technologies options trades today is 7516.61 with a total volume of 51,950.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Palantir Technologies's big money trades within a strike price range of $20.0 to $90.0 over the last 30 days.
Palantir Technologies Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PLTR | CALL | SWEEP | BULLISH | 01/16/26 | $19.65 | $19.4 | $19.65 | $70.00 | $393.0K | 3.4K | 588 |
| PLTR | CALL | TRADE | BEARISH | 03/21/25 | $14.95 | $12.3 | $12.3 | $67.50 | $221.4K | 577 | 180 |
| PLTR | CALL | TRADE | BULLISH | 12/20/24 | $4.0 | $3.9 | $4.0 | $69.00 | $200.0K | 952 | 2.0K |
| PLTR | PUT | SWEEP | BULLISH | 01/17/25 | $1.57 | $1.56 | $1.56 | $60.00 | $156.6K | 17.7K | 3.4K |
| PLTR | PUT | SWEEP | NEUTRAL | 12/20/24 | $3.15 | $3.05 | $3.15 | $70.00 | $153.7K | 8.5K | 4.5K |
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 39,651,877, the PLTR's price is down by -0.92%, now at $70.24.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 54 days.
Expert Opinions on Palantir Technologies
2 market experts have recently issued ratings for this stock, with a consensus target price of $75.0.
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. * An analyst from Wedbush persists with their Outperform rating on Palantir Technologies, maintaining a target price of $75.
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.