Palantir Stock Sees $2.1M in Bullish Call Activity as Shares Trade Near 52-Week Lows

By TrendSpider Editor

Palantir Technologies (PLTR) is attracting notable bullish options flow on Monday, with over $2.1 million in call premium sweeping through the market on two in-the-money contracts expiring later this week. The stock is currently trading at $125.765, up 2.20% on the session, but remains well off its

Palantir Stock Sees $2.1M in Bullish Call Activity as Shares Trade Near 52-Week Lows

Palantir Technologies (PLTR) is attracting notable bullish options flow on Monday, with over $2.1 million in call premium sweeping through the market on two in-the-money contracts expiring later this week. The stock is currently trading at $125.765, up 2.20% on the session, but remains well off its 52-week high of $207.52 and closer to the low end of its annual range of $106.375 to $207.52. The concentrated near-term call activity suggests at least some traders are positioning for continued upside momentum heading into the final days of this week.

Key Drivers of the PLTR Stock Move

• Main Catalyst: Two unusual call contracts totaling $2,127,924.90 in premium hit the tape today, both expiring August 7, 2026. The largest single contract was a $125 strike call with 2,199 contracts traded and a premium of $1,638,474.90, followed by a $120 strike call with 500 contracts and a premium of $489,450. Both are currently in the money.
• Bull Case: Both contracts are in the money with the stock at $125.765, meaning the $120 and $125 calls already carry intrinsic value. The size of the $125 strike call, at 2,199 contracts with an open interest ratio of only 17%, signals a fresh, aggressive directional bet rather than a hedge or covered position. A combined $2.1 million in premium deployed on contracts expiring in just four days reflects high-conviction short-term bullish positioning.
• Bear Case: Both contracts expire August 7, 2026, giving them an extremely short time horizon. The $125 strike call has an open interest ratio of just 17%, suggesting limited existing institutional sponsorship at that level. With PLTR still trading roughly 39% below its 52-week high of $207.52, the stock faces a significant technical recovery gap, and any pullback before Friday's expiration would erode the value of these positions rapidly.

The forward setup for PLTR is worth watching closely. The stock has spent a meaningful portion of the past year under pressure after reaching its 52-week high, and today's 2.20% gain alongside this concentrated call activity could signal that short-term traders are anticipating a continuation of the current bounce. The near-term options positioning is squarely focused on this week, so the price action over the next four sessions will be the key determinant of whether these trades pay off. Any broader market tailwinds or company-specific catalysts between now and Friday could meaningfully amplify the moves implied by this flow.

PLTR Unusual Options Activity

Two unusual call contracts were flagged in today's session, both carrying in-the-money strikes and expiring on August 7, 2026:

• Call, $120 Strike, Expiry August 7, 2026: Volume of 500 contracts, open interest ratio of 34%, in the money.
• Call, $125 Strike, Expiry August 7, 2026: Volume of 2,199 contracts, open interest ratio of 17%, in the money.

Combined, the two contracts represent $2,127,924.90 in total premium. The significantly larger size and lower open interest ratio on the $125 strike call makes it the more notable of the two, pointing to a fresh directional position opened today rather than an existing hedge rolling forward.

PLTR Seasonality

Early August has historically been an active period for technology stocks as markets digest second-quarter earnings season results and position ahead of the fall. Short-dated options activity of this nature in the first week of August often reflects traders reacting to or anticipating near-term catalysts in a seasonally volatile window for the sector.

PLTR Relative Performance

PLTR is posting a 2.20% gain today, which represents solid outperformance if broader markets are relatively flat on the session. However, the stock remains in the lower half of its 52-week range of $106.375 to $207.52, with today's price of $125.765 sitting approximately 18% above the annual low and roughly 39% below the annual high, indicating that despite today's move, PLTR has substantial ground to recover on a longer-term basis relative to its recent peak.