Mrzorro
05-07

Options Market Statistics: Palantir Options Pop as Traders Bet on Its Earnings


$Palantir Technologies Inc.(PLTR)$   shares ended 8.06% higher, with option volume of nearly 1.20 million contracts, and calls accounted for 65.2% of the volume. The $25 and 30 calls expiring May 10, 2024 were traded most actively.

Palantir shares fell as much as 7% in extended trading on Monday after the defense-technology firm reported weaker-than-expected guidance.

Here's how the company did compared to LSEG estimates:

Earnings per share: 8 cents adjusted vs. 8 cents expected

Revenues: $634 million vs. $625 million expected

The firm, which builds big-data and artificial intelligence software for governments and corporations worldwide, also issued guidance for the second quarter and full year. Palantir expects current quarter revenue to fall between $649 million to $653 million, versus the $653 million expected by LSEG. The company guided to full-year revenue between $2.68 billion and $2.69 billion, weaker than an LSEG consensus estimate of $2.71 billion.


$NVIDIA Corp(NVDA)$  shares ended 3.77% higher, with option volume of nearly 1.14 million contracts, and calls accounted for 62.7% of the volume. The $920 and 950 calls expiring May 10, 2024 were traded most actively.

Analysts remain bullish on Nvidia, with a consensus price target of $949.36 a share and a rating of "Buy" for the stock, with the most recent ratings citing a potential upside of 31.5% from the current price.


$Marathon Digital(MARA.US)$ shares ended 17.98% higher. Its options trading volume was 0.42 million. Call contracts account for 71.8% of the total trading volume. The most traded contracts are $21 strike price calls that expire on May 10th. The total volume reaches 29,254 contracts.

On Monday, Marathon Digital, a Bitcoin miner company, saw its stock MARA price surge by quite a bit. The rush followed the news that S&P Global had added Marathon Digital to its S&P SmallCap 600 index. This move pushed the shares of Marathon Digital higher by 18%, to $20.67 a share. The company increased its value from $4.7 billion to $5.5 billion in market capitalization.



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