Benzinga | Jan 6, 2022 04:03PM EST

Palantir Technologies Whale Trades For January 06

Someone with a lot of money to spend has taken a bullish stance on Palantir Technologies (NYSE: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 10 uncommon options trades for Palantir Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $243,042, and 6 are calls, for a total amount of $534,880.

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 $15.0 to $45.0 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 11067.12 with a total volume of 15,055.00.

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 $15.0 to $45.0 over the last 30 days.

Palantir Technologies Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestPLTR CALL TRADE BULLISH 01/21/ $17.50 $215.2K 6.9K 4.7K 22PLTR CALL SWEEP BEARISH 01/19/ $15.00 $114.9K 14.8K 422 24PLTR PUT TRADE NEUTRAL 03/18/ $20.00 $99.5K 33.2K 274 22PLTR CALL SWEEP BULLISH 01/19/ $15.00 $80.0K 14.8K 141 24PLTR PUT SWEEP NEUTRAL 01/07/ $18.00 $77.7K 9.5K 1.9K 22

Where Is Palantir Technologies Standing Right Now?

* With a volume of 45,973,584, the price of PLTR is down -1.0% at $16.79.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 40 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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.