Financial giants have made a conspicuous bearish move on Palantir Technologies. Our analysis of options history for Palantir Technologies (NASDAQ:PLTR) revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $448,386, and 4 were calls, valued at $222,912.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $100.0 for Palantir Technologies over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Palantir Technologies stands at 6151.14, with a total volume reaching 13,523.00. 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 $55.0 to $100.0, throughout 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 | PUT | SWEEP | BEARISH | 01/10/25 | $1.9 | $1.87 | $1.9 | $78.00 | $334.5K | 4.6K | 341 |
| PLTR | CALL | SWEEP | BEARISH | 02/21/25 | $24.7 | $24.15 | $24.15 | $55.00 | $121.9K | 4.4K | 51 |
| PLTR | PUT | SWEEP | BEARISH | 01/10/25 | $1.8 | $1.79 | $1.8 | $77.00 | $53.7K | 14.0K | 2.0K |
| PLTR | CALL | TRADE | BULLISH | 06/18/26 | $25.25 | $24.45 | $24.97 | $80.00 | $37.4K | 2.1K | 30 |
| PLTR | PUT | SWEEP | BEARISH | 03/21/25 | $8.0 | $7.5 | $7.85 | $75.00 | $34.5K | 3.3K | 82 |
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.
Where Is Palantir Technologies Standing Right Now?
- Currently trading with a volume of 23,543,221, the PLTR's price is down by -1.27%, now at $78.88.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 28 days.
What The Experts Say On Palantir Technologies
4 market experts have recently issued ratings for this stock, with a consensus target price of $63.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.* Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Underweight with a new price target of $60.* An analyst from Baird downgraded its action to Neutral with a price target of $70. * Maintaining their stance, an analyst from Mizuho continues to hold a Underperform rating for Palantir Technologies, targeting a price of $44. * Reflecting concerns, an analyst from UBS lowers its rating to Neutral with a new price target of $80.
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.
