Palantir Technologies Inc.Telah dikemas kini PLTR Price Levels & Options Strategy: Game Plan for Dec. 12
Overview of GEX Levels
Resistance Levels:
$75: 2nd Call Wall and a key resistance area where sellers may dominate.
$73: GEX10 zone, offering intermediate resistance to monitor.
$80: Call resistance level, marking a strong cap for upside moves.
Support Levels:
$70: HVL (Highest Volume Level), acting as a critical support level. Staying above this level keeps the bullish structure intact.
$68: GEX8, another notable support where buying interest may appear.
$66: Highest negative NETGEX, representing strong downside protection and a potential floor for the price.
Options Oscillator [PRO] Insights
IVR (Implied Volatility Rank): 60.5.
Elevated IVR suggests a favorable environment for selling options, as implied volatility is higher than average.
IVx Avg: 72.8.
Current implied volatility is above the norm, making strategies like credit spreads or iron condors appealing.
Call$/Put$ Ratio: 71.4% tilted toward calls.
Indicates bullish sentiment, with traders expecting upward movement or protection against missed upside.
Technical Setup
PLTR is consolidating between $70 and $75. A breakout above $75 could propel the stock toward $80, while a breakdown below $70 may test $68 or even $66. Traders should focus on price action at these levels to confirm direction.
Options Trading Strategy:
Bullish Play:
Buy PLTR Dec 15, 2024, $75 Calls if price breaks and holds above $75. Target: $80; Stop: $72.
Neutral Play:
Sell PLTR Dec 15, 2024, $75 Calls and buy $78 Calls (credit spread) if price consolidates below $75. This takes advantage of elevated IVR.
Bearish Play:
Buy PLTR Dec 15, 2024, $70 Puts if price falls below $70 with increased volume. Target: $68; Stop: $72.
***Reminder: Always check the real-time IVR and IVx during the trading session before entering a trade. These levels provide dynamic updates that enhance decision-making accuracy.
Conclusion
PLTR is showing signs of consolidation, with $70 and $75 acting as pivotal levels for the next move. Elevated IVR suggests profitable opportunities for options traders, especially with strategies aligned to the direction of the breakout or breakdown. Monitor GEX and Oscillator levels closely for confirmation.
Disclaimer: This analysis is for educational purposes only.
Resistance Levels:
$75: 2nd Call Wall and a key resistance area where sellers may dominate.
$73: GEX10 zone, offering intermediate resistance to monitor.
$80: Call resistance level, marking a strong cap for upside moves.
Support Levels:
$70: HVL (Highest Volume Level), acting as a critical support level. Staying above this level keeps the bullish structure intact.
$68: GEX8, another notable support where buying interest may appear.
$66: Highest negative NETGEX, representing strong downside protection and a potential floor for the price.
Options Oscillator [PRO] Insights
IVR (Implied Volatility Rank): 60.5.
Elevated IVR suggests a favorable environment for selling options, as implied volatility is higher than average.
IVx Avg: 72.8.
Current implied volatility is above the norm, making strategies like credit spreads or iron condors appealing.
Call$/Put$ Ratio: 71.4% tilted toward calls.
Indicates bullish sentiment, with traders expecting upward movement or protection against missed upside.
Technical Setup
PLTR is consolidating between $70 and $75. A breakout above $75 could propel the stock toward $80, while a breakdown below $70 may test $68 or even $66. Traders should focus on price action at these levels to confirm direction.
Options Trading Strategy:
Bullish Play:
Buy PLTR Dec 15, 2024, $75 Calls if price breaks and holds above $75. Target: $80; Stop: $72.
Neutral Play:
Sell PLTR Dec 15, 2024, $75 Calls and buy $78 Calls (credit spread) if price consolidates below $75. This takes advantage of elevated IVR.
Bearish Play:
Buy PLTR Dec 15, 2024, $70 Puts if price falls below $70 with increased volume. Target: $68; Stop: $72.
***Reminder: Always check the real-time IVR and IVx during the trading session before entering a trade. These levels provide dynamic updates that enhance decision-making accuracy.
Conclusion
PLTR is showing signs of consolidation, with $70 and $75 acting as pivotal levels for the next move. Elevated IVR suggests profitable opportunities for options traders, especially with strategies aligned to the direction of the breakout or breakdown. Monitor GEX and Oscillator levels closely for confirmation.
Disclaimer: This analysis is for educational purposes only.
Dagangan aktif
Update:Resistance: $74 (close to 2nd Call Wall at $75) is a key resistance zone.
Support: $73 acts as immediate support, with a strong support base around $72 (HVL).
Momentum and Volume:
Price tested resistance near $74 but faced selling pressure.
Volume will be a key indicator; increasing volume above $74 can push toward $75+.
Options Oscillator Insight:
IVR 60.5: Indicates relatively high implied volatility compared to its historical range, signaling potential movement.
IVx Avg 75.8: Suggests high implied volatility, favoring options strategies.
CALLs 75.3%: Strong bullish sentiment in the options market.
Recommendation:
Upside Potential: If PLTR holds above $73 with buying momentum, target a breakout above $74, aiming for $75-$76.
Downside Risk: A break below $73 could retest $72, offering a potential short opportunity.
Monitor price action near $73-$74 and consider intraday volume spikes for confirmation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.