Options order flow sentiment for PALANTIR TECHNOLOGIES INC. (PLTR)

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Free options greeks (near the money) for
Palantir Technologies Inc. (PLTR)
expiration 2023-12-08

Options greeks and price calculator for $PLTR:
(real-time)

How to interpret the option order flow sentiment and greeks for $PLTR:

• Interpreting the options greeks can require some getting used to. Keep an eye out on Delta, Gamma and IV: You want Delta, Gamma to rise and IV to fall to confirm a bullish option and you want Delta, Gamma to rise and IV to grow for a bearish one.
• Price action will tend to gravitate around the levels with the most liquidity. Check out Open Volume to figure out possible targets for the day. The more extruded the pie charts are the bigger the volume at that price point.
• Follow the Open Interest during action around rezistance levels. A subsequent decline in long options interest and a spike in short options can show that sentiment is turning bearish around the price point. Inversely, a spike in long options around the price shows continuation. Reversed for support levels.
• Rising prices during uptrends while open interest is also rising can mean that new money is coming into the market (reflecting new positions). This could be a sign of bullish sentiment if the increase in open interest is being fueled by long positions.
• If, however, open interest is declining while prices are rising during an uptrend, that could indicate that money is leaving the marketplace, which would be a bearish sign.
• Falling prices in a downtrend while open interest is on the rise might suggest that new money is coming into the market on the short side. This scenario is consistent with a continuing downtrend and is bearish.
• However, falling prices in a downtrend while open interest is on the decline could suggest that holders are being forced to liquidate their positions, which would be a bearish sign. This scenario also could mean that a selling climax could be on the near-term horizon.
• A lot of open interest if prices drop sharply sharply during a market top could be a bearish signal if holders who bought near the top are now losing money; this also could cause an environment of panic selling.