Palantir Bounces 5.5% to $169.20 as 82% of Options Money Bets on Calls

Palantir Technologies (BATS:PLTR) rebounded 5.5% on Monday to close at $169.20, and 82% of the session's $39.3 million in options premium went into calls, according to data from GTA Terminal. The bounce comes after a sharp slide from $210.88 to a Nov 5 low of $152.60.

Premarket, the stock was little changed at $168.98. The call-heavy positioning suggests options traders are betting the pullback has found a floor — but the chart hasn't confirmed it yet.

Where the price sits now

The close of $169.20 puts PLTR in a split technical picture on the daily chart. The stock trades under both short-term moving averages — the 20-day SMA at $188.12 and the 50-day at $185.54 — while holding above the 100-day SMA at $164.64 and the 200-day at $153.53.

An open gap from Nov 3 sits overhead, running from $176.54 to $178.13. Gaps often act as magnets, and that zone sits squarely between the current price and the moving-average resistance above.

Momentum remains weak. The 14-day RSI reads 39.4, below the neutral 50 line but out of oversold territory. Volume on the bounce reached only 0.90x the 20-day average, meaning no volume surge has backed the recovery so far.

How much money is behind the call lean?

The options flow session printed $39.3 million in premium, with 82% of it in calls — a decisively call-heavy lean, per GTA Terminal's data. That's a one-day snapshot, not a trend, but it shows where fresh risk money moved on the bounce.

Dark pool activity, tracked off-exchange, adds context. On Nov 9, dark pools printed 8,880,815 shares, or 37.3% of all volume — below the stock's normal level, according to GTA Terminal. Lighter-than-usual institutional block activity alongside a retail-flavored call surge is a mix worth watching.

What are the key levels?

• $185.54 — the 50-day SMA and first major resistance, with the 20-day SMA just above at $188.12
• $176.54 to $178.13 — the open Nov 3 gap
• $164.64 — the 100-day SMA and nearest support
• $152.60 — the Nov 5 low, the invalidation level for the bounce thesis

What would confirm — or break — the call lean?

GTA Terminal lays out the conditions plainly. Holding above the 100-day SMA at $164.64, plus a fill of the gap up to $178.13 with call money still building, would confirm the bullish call lean. Conversely, a close back under $164.64, or put premium overtaking calls, would weaken the setup. Below $152.60, the bounce fails outright.

The immediate battleground is the $176.54-$178.13 gap zone: fill it on rising call volume and the bulls have a case; stall under it with RSI still below 40 and the $152.60 low comes back into play. GTA Terminal notes its data is not financial advice.