Check Out What Whales Are Doing With PLTR

Author: Benzinga Insights | May 13, 2024 10:01am

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 53% bullish and 23%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $201,968, and 8 are calls, for a total amount of $417,130.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $18.0 to $25.0 for Palantir Technologies over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Palantir Technologies options trades today is 7799.0 with a total volume of 5,410.00.

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 $18.0 to $25.0 over the last 30 days.

Palantir Technologies Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
PLTR	CALL	TRADE	NEUTRAL	10/18/24	$3.95	$3.85	$3.9	$19.00	$117.0K	1.3K	302
PLTR	CALL	SWEEP	NEUTRAL	09/20/24	$3.3	$3.25	$3.29	$20.00	$65.3K	7.9K	212
PLTR	CALL	SWEEP	BULLISH	10/18/24	$3.2	$2.47	$2.93	$21.00	$58.6K	2.4K	203
PLTR	PUT	SWEEP	BULLISH	09/20/24	$3.1	$3.0	$3.0	$22.00	$54.3K	2.2K	181
PLTR	PUT	SWEEP	BEARISH	12/20/24	$2.67	$2.6	$2.62	$20.00	$52.4K	7.1K	22

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.

Present Market Standing of Palantir Technologies

• With a volume of 6,004,831, the price of PLTR is up 1.58% at $20.93.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 84 days.

Expert Opinions on Palantir Technologies

In the last month, 5 experts released ratings on this stock with an average target price of $22.6.

• An analyst from Deutsche Bank persists with their Sell rating on Palantir Technologies, maintaining a target price of $20.
• An analyst from RBC Capital has decided to maintain their Underperform rating on Palantir Technologies, which currently sits at a price target of $9.
• Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $35.
• Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Palantir Technologies, targeting a price of $25.
• An analyst from DA Davidson has decided to maintain their Neutral rating on Palantir Technologies, which currently sits at a price target of $24.

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