Analyzing Tuesday’s Options Buzz: Palantir, Impinj, and AMD

By: Alex Freidmen

Palantir Technologies Inc (PLTR)

A whirlwind of activity swept through Palantir Technologies Inc. (PLTR) as options trading rang in lively figures, capturing investors’ keen eye today. A staggering 223,064 contracts have been exchanged, a number translating to approximately 22.3 million underlying shares. Painted against the canvas of history, this totals to about 51.7% of PLTR’s typical daily trade rhythm over the latest month with a rhythm of 43.2 million shares.

Tides surged particularly high with the $29 strike call option that matures on July 26, 2024. A colossal 48,662 contracts were dealt today, embodying close to 4.9 million underlying shares of PLTR. For those mindful of patterns, below is a visual unfolding of PLTR’s trading memoir over the last twelve months, with the $29 strike cushioned in orange hues:

Palantir Chart

Impinj Inc (PI)

Impinj Inc (PI) didn’t merely spectate from the sidelines as options trading galloped ahead, hitting a solid stride with 1,530 contracts transacted – symbolizing around 153,000 underlying shares or approximately 51.5% of PI’s customary daily trading tempo over the latest month grounded at 297,095 shares.

The spotlight dwelled brightly on the $160 strike put option that sings its swan song on August 16, 2024. A robust 733 contracts changed hands today, embodying roughly 73,300 underlying shares of PI. Below lies a snapshot of PI’s journey depicted through its trading milestones over the past twelve months, with the $160 strike stealing center stage:

Impinj Chart

Advanced Micro Devices Inc (AMD)

Advanced Micro Devices Inc (AMD) blazed a trail in the realm of options trading, with 264,377 contracts unveiling a tale of roughly 26.4 million underlying shares or approximately 51.1% of AMD’s routine daily trading over the bygone month, dwelling at 51.8 million shares.

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A crescendo moment struck with the $160 strike call option nearing its final act on July 26, 2024. A vigorous 34,831 contracts danced today, painting an image of around 3.5 million underlying shares of AMD. Witness below – AMD’s historical voyage carved within the last twelve months, with the $160 strike standing out like a beacon in the dark:

AMD Chart

Explore the myriad expirations for PLTR options, PI options, or AMD options by navigating to StockOptionsChannel.com.

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