Recent options market activity indicates strong bullish sentiment for Palantir Technologies Inc. (PLTR) and Tesla Inc. (TSLA). For PLTR, there has been notable buying of call options, including a $1.1 million LEAP call with a 185 strike price while the stock trades around $108. Additionally, a trader purchased 8,000 bull vertical spreads at $1.31 each, totaling approximately $1.04 million, with potential profits exceeding $5 million if PLTR closes above $123 next week. Early aggressive bullish positioning is reflected in a net options delta of +625,000 shares and significant put selling. For Tesla, large call option purchases have been recorded, including 3,700 March 2026 $540 calls bought for $4.45 million and over 4,500 of the same calls purchased at $12 to $12.50 earlier in the day. Tesla's net options delta stands at +1.1 million shares. May 260 calls more than doubled in price since Wednesday, trading over 40,000 contracts, and September calls at $465 strike are also being actively bought. The March $540 calls surged 50% to $18.25, driven by increased implied volatility. These option flows suggest strong bullish expectations for both PLTR and TSLA in the near to medium term.
Those $TSLA March $540 calls they bought at $12 this morning already up 50% hitting 18.25 with the IV surge a big reason for it https://t.co/9UnLuxYPW0
$TSLA staying strong and now a buyer of 3000 September $465 calls at $8.20 as the Sept $290 calls that bought on Tuesday ahead of earnings take profits and adjust much higher https://t.co/4EFMzVY8sA
$PLTR BULL VERTICAL Trader pays $1.31 x 8,000 ($1.04M) for max profit of $6.69 ($5.35M or +410%) if PLTR closes above 123 at expiry (next week). https://t.co/fyJ6Nk74tS