Followers | 689 |
Posts | 143639 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
![](https://investorshub.advfn.com/uicon/35728.png?cb=1539773763)
Wednesday, April 05, 2023 1:42:26 PM
By: Schaeffer's Investment Research | April 5, 2023
• Palantir Technologies is expanding a cloud partnership with Microsoft's Azure
• Double the average intraday amount of calls have crossed the tape
Palantir Technologies Inc (NYSE:PLTR) stock was last seen down 4.9% at $7.94, reversing earlier gains after the big data analytics name revealed it will expand its cloud partnership with Microsoft's (MSFT) Azure to service the U.S. Department of Defense.
Options bulls are targeting the equity despite today's bear gap, which may be linked to broader market headwinds. So far today, 62,000 calls have crossed the tape -- double the intraday average volume -- compared to just 14,000 puts. Most popular is the weekly 4/6 8.50-strike call, where positions are being opened.
At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), PLTR carries a 10-day call/put volume ratio of 3.76 that sits higher than 92% of readings from the past year, suggesting a preference for bullish bets in the last two weeks.
Options are affordably priced at the moment, making now an opportune time to weigh in PLTR's next moves. This is per the equity's Schaeffer's Volatility Index (SVI) of 50% that sits higher than just 2% of annual readings.
The security has struggled with a ceiling at the $8.50 region since late February, after it pulled back from its highest level since August. The 80-day moving average looks ready to contain any additional losses, though, and year-to-date PLTR maintains a solid 23.9% lead.
![](http://schaeffers-cdn.s3.amazonaws.com/images/default-source/schaeffers-cdn-images/2023/april/intraday/pltr-80-day.jpg?sfvrsn=912ab06_0)
Read Full Story »»»
![](http://studentaid.gov/universal-navigation/assets/us_flag_small.png)
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent PLTR News
- Sompo impulsa su transformación digital con las soluciones de IA de Palantir • Business Wire • 08/23/2024 04:42:00 PM
- Sompo Enhances Digital Transformation with Palantir's AI Solutions • Business Wire • 08/23/2024 10:59:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 12:41:30 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 12:41:04 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 12:40:26 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 12:39:54 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 12:39:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 12:38:29 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/22/2024 08:25:27 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/22/2024 08:14:58 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/21/2024 08:32:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2024 12:02:14 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/20/2024 11:48:56 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/20/2024 11:43:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/20/2024 11:30:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/20/2024 11:24:23 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/20/2024 10:35:51 PM
- LifeWallet Announces a New Pharmaceutical Antitrust Settlement Totaling $3.1 Million • GlobeNewswire Inc. • 08/19/2024 06:00:24 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/16/2024 08:33:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 10:09:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 12:06:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 12:05:22 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/14/2024 08:25:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 12:02:31 AM
- Surf Air Mobility Announces Plan to Form New Venture, Surf Air Technologies LLC, and Enters Agreement with Palantir Technologies Inc. to Power Operating System for the Advanced Air Mobility Industry • Business Wire • 08/13/2024 10:30:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM