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Options Market Statistics: Palantir Options Pop on Oracle Cloud-AI Partnership

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Options Newsman wrote a column · Apr 4 20:08
News Highlights
$Meta Platforms(META.US)$ shares rose by 0.82%, closing at $510.92. Its options trading volume was 0.86 million. Call contracts account for 57.5% of the total trading volume. The most traded calls are contracts of $530 strike price that expire on Apr. 5th. The total volume reaches 58,938 with an open interest of 2,993. The most traded puts are contracts of a $520 strike price that expires on Apr. 5th; the volume is 39,871 contracts with an open interest of 276.
Meta is actively advancing its AI software capabilities. Zuckerberg stated that the company plans to launch and operate 350,000 Nvidia H100 GPUs by the end of this year, with other chips providing the company with the equivalent capability of 600,000 H100s. The company recently announced an expansion of its new $50 billion stock buyback program, while also establishing a quarterly dividend of 50 cents per share.
Jefferies analyst Brent Thill raised his price target on the stock to $585 from $550. Thill writes that he thinks "Meta's market share gains will further accelerate in 2024" and that "in 2024 Meta's ad business could outgrow Amazon's for the first time since 2015."
$Palantir(PLTR.US)$ shares fell by 0.97%, closing at $22.48. Its options trading volume was 0.42 million. Call contracts account for 73.9% of the total trading volume. The most traded calls are contracts of $24 strike price that expire on Apr. 5th. The total volume reaches 38,727 with an open interest of 14,389. The most traded puts are contracts of a $22.5 strike price that expires on Apr. 5th; the volume is 12,563 contracts with an open interest of 13,121.
Today, $Oracle(ORCL.US)$ and Palantir announced a strategic partnership to offer advanced secure cloud and AI solutions, with the objective of empowering global enterprises and government agencies. The integration of Oracle's robust distributed cloud infrastructure and AI capabilities with Palantir's sophisticated artificial intelligence and decision-making platforms is designed to optimize the data value for these organizations. This synergistic effort is expected to enhance operational efficiencies, meet sovereignty demands, and provide a competitive edge against adversaries.
Options Market Statistics: Palantir Options Pop on Oracle Cloud-AI Partnership
Unusual Stock Options Activity
Some notable call activity is being seen in $GE Aerospace(GE.US)$, which is primarily being driven by activity on the Jun 21 call. Volume on this contract is 23,297 versus open interest of 104.
Options Market Statistics: Palantir Options Pop on Oracle Cloud-AI Partnership
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Daily Active Index & Sector ETF Options
Options Market Statistics: Palantir Options Pop on Oracle Cloud-AI Partnership
Source: Barchart, Unusual Whales, Benzinga
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