Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Palantir Technologies's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | May 09, 2024 10:34am

Investors with a lot of money to spend have taken a bullish stance on Palantir Technologies (NYSE:PLTR).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PLTR, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 13 uncommon options trades for Palantir Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 69% bullish and 23%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $100,032, and 10 are calls, for a total amount of $483,196.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $24.0 for Palantir Technologies, spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Palantir Technologies options trades today is 4566.57 with a total volume of 2,662.00.

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 $15.0 to $24.0 over the last 30 days.

Palantir Technologies Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PLTR CALL TRADE NEUTRAL 01/16/26 $10.6 $9.45 $10.05 $15.00 $100.5K 9.3K 0
PLTR CALL SWEEP BEARISH 03/21/25 $6.3 $6.2 $6.2 $18.00 $63.2K 145 112
PLTR CALL SWEEP BEARISH 03/21/25 $6.25 $6.05 $6.15 $18.00 $62.7K 145 111
PLTR CALL TRADE BULLISH 10/18/24 $2.69 $2.68 $2.69 $22.00 $52.7K 574 257
PLTR CALL SWEEP BULLISH 01/16/26 $6.5 $6.4 $6.5 $22.00 $44.1K 7.9K 158

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

  • With a volume of 16,660,213, the price of PLTR is down -2.18% at $21.09.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 88 days.

Professional Analyst Ratings for Palantir Technologies

In the last month, 5 experts released ratings on this stock with an average target price of $23.2.

  • Maintaining their stance, an analyst from RBC Capital continues to hold a Underperform rating for Palantir Technologies, targeting a price of $9.
  • Consistent in their evaluation, an analyst from DA Davidson keeps a Neutral rating on Palantir Technologies with a target price of $24.
  • An analyst from Citigroup persists with their Neutral rating on Palantir Technologies, maintaining a target price of $25.
  • Maintaining their stance, an analyst from HSBC continues to hold a Hold rating for Palantir Technologies, targeting a price of $23.
  • In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $35.

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.

Posted In: PLTR

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist