This Is What Whales Are Betting On Palantir Technologies

Palantir Technologies +2.57% Pre

Palantir Technologies





+0.47% Pre

A whale with a lot of money to spend has taken a noticeably bearish stance on Palantir Technologies.

Looking at options history for Palantir Technologies (NYSE:PLTR) we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 69% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $406,866 and 9, calls, for a total amount of $503,344.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $20.0 for Palantir Technologies over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Palantir Technologies options trades today is 8151.77 with a total volume of 2,167.00.

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 $10.0 to $20.0 over the last 30 days.

Palantir Technologies Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PLTR PUT SWEEP BEARISH 11/10/23 $14.00 $288.8K 2.9K 92
PLTR CALL TRADE BULLISH 01/19/24 $14.00 $96.0K 8.3K 219
PLTR CALL TRADE BEARISH 01/16/26 $13.00 $86.1K 1.4K 68
PLTR CALL SWEEP BULLISH 11/03/23 $15.50 $82.0K 3.0K 1.0K
PLTR CALL TRADE BEARISH 06/21/24 $10.00 $77.4K 6.6K 4

Where Is Palantir Technologies Standing Right Now?

  • With a volume of 17,203,706, the price of PLTR is up 1.33% at $15.27.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 3 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Palantir Technologies, Benzinga Pro gives you real-time options trades alerts.

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