Insights into Options Activity for Palantir Technologies

Understanding Recent Options Activity for Palantir Technologies

Recent trends suggest that significant investors, often referred to as whales, are undertaking a bullish approach to Palantir Technologies.

By analyzing the options history surrounding Palantir Technologies (NASDAQ: PLTR), we identified a total of 9 trades. Among these trades, 66% indicate a bullish outlook, while 33% show a bearish sentiment.

In summary, the identified trades consist of 5 puts amounting to approximately $334,048 and 4 calls totaling around $253,470.

Exploring the Expected Price Range

The data related to trading volumes and open interest clearly indicate that the primary market movers are targeting a price range between $25.0 and $50.0 for Palantir Technologies over the past three months.

Volume and Open Interest Analysis

When engaging in options trading, examining the volume and open interest is key. This information can inform you about the liquidity and overall market interest for Palantir Technologies's options at various strike prices. Below, we delve into the volume and open interest fluctuations for all whale trades to understand investor behaviors during the last 30 days.

Recent Options Volume & Interest Overview

Keeping track of the volume and interest snapshot can greatly help in determining market sentiment on Palantir Technologies's options.

Key Options Trades Uncovered

Insights from recent options trades have revealed the following data:

• Symbol: PLTR, PUT/CALL: PUT, Trade Type: TRADE, Sentiment: BULLISH, Expiration Date: March 21, 2025, Ask: $10.75, Bid: $10.60, Price: $10.60, Strike Price: $45.00, Total Trade Price: $159.0K, Open Interest: 469, Volume: 0.
• Symbol: PLTR, PUT/CALL: CALL, Trade Type: SWEEP, Sentiment: BULLISH, Expiration Date: February 21, 2025, Ask: $13.05, Bid: $13.00, Price: $13.04, Strike Price: $25.00, Total Trade Price: $130.4K, Open Interest: 501, Volume: 101.
• Symbol: PLTR, PUT/CALL: PUT, Trade Type: SWEEP, Sentiment: BULLISH, Expiration Date: September 20, 2024, Ask: $1.09, Bid: $1.06, Price: $1.06, Strike Price: $37.00, Total Trade Price: $62.0K, Open Interest: 1.9K, Volume: 3.5K.
• Symbol: PLTR, PUT/CALL: CALL, Trade Type: SWEEP, Sentiment: BULLISH, Expiration Date: October 18, 2024, Ask: $10.80, Bid: $10.70, Price: $10.70, Strike Price: $26.00, Total Trade Price: $53.5K, Open Interest: 5.2K, Volume: 50.
• Symbol: PLTR, PUT/CALL: PUT, Trade Type: SWEEP, Sentiment: BEARISH, Expiration Date: September 20, 2024, Ask: $0.47, Bid: $0.46, Price: $0.47, Strike Price: $36.00, Total Trade Price: $47.0K, Open Interest: 6.4K, Volume: 8.3K.

About Palantir Technologies

Palantir Technologies is recognized for its advanced analytical software that empowers clients to utilize their data efficiently. The company offers two key platforms, Foundry for commercial clients and Gotham for government clients. Established in 2003 and publicly listed in 2020, Palantir has made a significant impact in the tech industry.

Current Market Conditions for Palantir Technologies

• Palantir Technologies currently experiences a trading volume of 19,193,147, with PLTR priced at $36.66, reflecting a 0.58% increase.
• Relative Strength Index (RSI) indicators suggest the stock may be nearing an overbought condition.
• Next earnings release is anticipated in approximately 43 days.

Expert Perspectives on Palantir Technologies

In the past month, several analysts have evaluated this stock, finding an average target price of $41.0. Here’s a breakdown of recent ratings:

• An analyst from B of A Securities continues to express confidence, maintaining a Buy rating with a target price set at $50.
• In contrast, an analyst from Wedbush has downgraded their stance to Outperform, lowering the target price to $38.
• Concerns arise from an analyst at Northland Capital Markets, who has reduced their rating to Market Perform, revising the target down to $35.

Engaging in options trading can be risky yet potentially rewarding. Traders can mitigate their risks by pursuing ongoing education, adjusting their strategies, and keeping a close eye on market trends. To stay updated on the latest options activities for Palantir Technologies, a close watch on market dynamics is advisable.

Frequently Asked Questions

What is the recent trading sentiment for Palantir Technologies?

Recent trades show that 66% are bullish while 34% are bearish, indicating a general optimism among major investors.

What price range are traders focusing on for Palantir?

Traders are primarily focusing on a price band between $25.0 to $50.0 over the last three months.

What are the key features of Palantir Technologies?

Palantir leverages data through its analytical software to help clients maximize operational efficiency.

How has Palantir Technologies performed in the market recently?

Currently, the stock is up 0.58% and is trading at $36.66 based on recent market conditions.

What insights do analysts have on Palantir's stock?

Analysts have varied ratings, with targets ranging from $35 to $50, reflecting differing outlooks on its market performance.

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