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Looking At Palantir Technologies's Recent Whale Trades

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 PLTR we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $179,447 and 5, calls, for a total amount of $488,102.

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 $5.0 to $12.0 for Palantir Technologies over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Palantir Technologies’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palantir Technologies’s whale trades within a strike price range from $5.0 to $12.0 in 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 CALL SWEEP BEARISH 03/17/23 $12.00 $201.6K 7.9K 2.1K
PLTR CALL SWEEP BEARISH 03/17/23 $12.00 $134.3K 7.9K 3.4K
PLTR CALL SWEEP BEARISH 07/29/22 $10.00 $60.2K 1.8K 2.3K
PLTR CALL SWEEP BEARISH 03/17/23 $12.00 $47.9K 7.9K 4.2K
PLTR CALL SWEEP BULLISH 07/29/22 $10.00 $43.8K 1.8K 3.6K
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PLTR CALL SWEEP BEARISH 03/17/23 $12.00 $201.6K 7.9K 2.1K
PLTR CALL SWEEP BEARISH 03/17/23 $12.00 $134.3K 7.9K 3.4K
PLTR CALL SWEEP BEARISH 07/29/22 $10.00 $60.2K 1.8K 2.3K
PLTR CALL SWEEP BEARISH 03/17/23 $12.00 $47.9K 7.9K 4.2K
PLTR CALL SWEEP BULLISH 07/29/22 $10.00 $43.8K 1.8K 3.6K

Where Is Palantir Technologies Standing Right Now?

  • With a volume of 48,630,216, the price of PLTR is up 5.64% at $8.71.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 51 days.

What The Experts Say On Palantir Technologies:

  • B of A Securities downgraded its action to Buy with a price target of $13

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.

This post was originally published on this site

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