A major player with deep pockets has taken a bullish position on PLTR, raising eyebrows. Today, a substantial position appeared in the publicly available options history, signaling insider knowledge.
This is not your average occurrence. A staggering 33 uncommon options trades were uncovered for Palantir Technologies, indicating something significant is brewing. The sentiment among these big-money traders is divided, with 51% leaning bullish and 48% bearish.
Let’s Talk Numbers:
Out of these noteworthy options, 7 are puts valued at $249,296, while 26 are calls valued at $2,135,996. The collective volume and open interest suggest that whales have been eyeing a price range of $10.0 to $30.0 for PLTR over the past 3 months.
Tracking the Pulse:
Monitoring volume and open interest is a strategic move for option traders. It helps gauge liquidity and interest levels for Palantir Technologies’ options within the $10.0 to $30.0 strike price range. Here’s a snapshot of the volume and open interest for calls and puts on PLTR over the last 30 days.
Biggest Options Highlights:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume PLTR | CALL | SWEEP | BEARISH | 01/19/24 | $10.00 | $329.4K | 66.6K | 605 PLTR | CALL | SWEEP | BEARISH | 01/17/25 | $15.00 | $209.9K | 24.8K | 1.6K PLTR | CALL | SWEEP | BULLISH | 08/18/23 | $10.00 | $205.8K | 25.9K | 1.1K PLTR | CALL | TRADE | BULLISH | 03/15/24 | $15.00 | $184.4K | 865 | 455 PLTR | CALL | SWEEP | BEARISH | 01/17/25 | $15.00 | $158.9K | 24.8K | 1.3K
Current Status of Palantir Technologies:
PLTR’s price is up 5.48% at $16.18, backed by a volume of 41,847,141. However, RSI indicators suggest the stock may be approaching overbought territory. Keep an eye out, as earnings are slated for release in 28 days.
Insights from Experts:
B of A Securities maintains a Buy rating on Palantir Technologies with a price target of $18. Meanwhile, Raymond James downgraded its action to Outperform, setting a price target of $18.
Navigating the World of Options:
Options come with higher profit potential but also greater risks compared to trading stocks alone. Savvy options traders manage risk through continuous education, careful trade scaling, multiple indicator analysis, and staying abreast of market trends.
Stay informed, stay ahead in the options game!