May 3, 2023 2:31 PM | 1 min read
Benzinga’s options scanner just detected over 12 options trades for Palantir Technologies (NYSE:PLTR) summing a total amount of $542,669.
At the same time, our algo caught 2 for a total amount of 265,440.
What’s The Price Target?
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Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $3.0 to $18.0 for Palantir Technologies over the last 3 months.
Volume & Open Interest Development
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In terms of liquidity and interest, the mean open interest for Palantir Technologies options trades today is 28393.57 with a total volume of 22,624.00.
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 $3.0 to $18.0 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 | 01/19/24 | $10.00 | $147.0K | 46.8K | 2.0K |
| PLTR | PUT | SWEEP | BULLISH | 01/19/24 | $10.00 | $118.4K | 46.8K | 1.5K |
| PLTR | CALL | SWEEP | BULLISH | 08/18/23 | $8.00 | $72.6K | 10.9K | 902 |
| PLTR | CALL | SWEEP | BULLISH | 08/18/23 | $10.00 | $40.8K | 14.0K | 3.2K |
| PLTR | CALL | SWEEP | BEARISH | 01/19/24 | $10.00 | $37.5K | 86.0K | 1.0K |
Where Is Palantir Technologies Standing Right Now?
- With a volume of 14,640,469, the price of PLTR is up 0.07% at $7.59.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 5 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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