Palantir Technologies Option Alert: Jan 19 $42 Calls Sweep (8) near the Ask: 800 @ $0.411 vs 44941 OI; Earnings 8/7 Before Open [est] Ref=$15.74
Portfolio Pulse from Charles Gross
Palantir Technologies (PLTR) sees a sweep of 800 January 19 $42 call options near the ask price of $0.411, compared to an open interest of 44,941. Earnings are expected on August 7 before the market opens.
June 15, 2023 | 1:47 pm
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Palantir Technologies sees increased call option activity, indicating bullish sentiment among investors ahead of earnings on August 7.
The sweep of 800 call options at a strike price of $42 indicates that investors are expecting the stock price to rise in the short term. This bullish sentiment could be driven by anticipation of positive earnings results on August 7. The increased call option activity may lead to a short-term increase in PLTR's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100