Palantir Technologies Unusual Options Activity - Palantir Technologies (NYSE:PLTR)

Someone with a lot of money to spend has taken a bullish stance on Palantir Technologies PLTR.

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga‘s options scanner spotted 15 uncommon options trades for Palantir Technologies.

This isn’t normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the special options we uncovered, 11 are puts, for a total amount of $4,348,279, and 4 are calls, for a total amount of $264,010.

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 $6.0 to $30.0 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 11927.12 with a total volume of 21,241.00.

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 $6.0 to $30.0 over the last 30 days.

Palantir Technologies Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:


Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PLTR PUT SWEEP BULLISH 01/20/23 $15.00 $1.9M 962 1
PLTR PUT SWEEP BEARISH 01/20/23 $15.00 $1.7M 962 4.9K
PLTR PUT SWEEP BEARISH 01/20/23 $15.00 $180.0K 962 2.7K
PLTR PUT SWEEP BULLISH 05/19/23 $13.00 $153.9K 45 268
PLTR CALL SWEEP BULLISH 01/19/24 $10.00 $92.1K 58.0K 1.6K

Where Is Palantir Technologies Standing Right Now?

  • With a volume of 17,981,544, the price of PLTR is down -0.63% at $7.14.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 86 days.

What The Experts Say On Palantir Technologies:

  • Citigroup has decided to maintain their Sell rating on Palantir Technologies, which currently sits at a price target of $5.
  • RBC Capital has decided to maintain their Underperform rating on Palantir Technologies, which currently sits at a price target of $5.
  • Raymond James has decided to maintain their Strong Buy rating on Palantir Technologies, which currently sits at a price target of $15.

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.

Image and article originally from Read the original article here.