EARN25

Software Name Sees Options Surge After Earnings

PLTR is seeing attractively priced premiums at the moment, too

Deputy Editor
Aug 23, 2021 at 3:14 PM
facebook X logo linkedin


The shares of Palantir Technologies Inc (NYSE:PLTR) have been middling on the charts since a post-earnings pop broke the equity above the 50-day moving average earlier this month -- a trendline that quickly turned into close support. At last check, PLTR was up 3% to trade at $24.73.

PLTR 0823

During this time, Palantir stock landed on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that have attracted the highest weekly options volume within the past two weeks, with new names added to the list highlighted in yellow. Specifically, 808,948 weekly calls and 290,438 weekly puts have been exchanged during this time. The most popular contract during that two-week period was the weekly 8/13 25-strike call.   

MAO 0823

Of the four analysts in coverage, one carries a "strong buy" rating on Palantir stock, with one a "hold," and two a "strong sell." Meanwhile, the 12-month consensus price target of $24.61 is in line with current levels. 

Now could be a good time to weigh in on the security's next move with options. The stock is seeing attractively priced premiums at the moment, per PLTR's Schaeffer's Volatility Index (SVI) of 46%, which sits in the 2nd percentile of its annual range.

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!