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PLTR

Palantir Technologies Inc.Close $135.26EOD only

Max Pain

$133.00

Next expiry May 22, 2026

Expected Move

±$5.53

4.1% from close

Price Gap

-2.26

Distance to max pain

IV Rank

Low premium

P/C OI

1.00

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: May 19, 2026 close

End-of-day snapshot

This page reflects PLTR options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 19, 2026 close

PLTR Directional Report

Analysis based on market close May 19, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Outlook

Bullish bias driven by strong dealer gamma pinning ($133-135), bullish flow, and spot above max pain. VIX 18 supports elevated IV. Confidence base 9 reflects aligned technicals.

Confidence:

9 / 10

Base 5 +2 GEX/flow aligned +1 GEX positive pinning +0.5 spot near MP +0.5 VIX 18

Supports: Bullish flow, positive gamma, spot above key pin levels
Conflicts: Market weakness (-0.7% SPY), gamma flip risk at $120

🟢Strong GEX pinning near $133-135

⚠️Gamma flip at $120 (11.3% below spot)

📈Bullish flow with net premium

📊VIX 18 supports elevated IV

Regime Classification

Vol Regime

High

IV high as options premium elevated; event-driven around weekly expirations.

Gamma Regime

Pinning

Positive gamma of +42.6M with pinning at $133-135; flip risk at $120.

Flow Regime

Bullish

Bullish flow with call bias; put/call ratio favors upside.

Spot vs Max Pain

Above

Spot above max pain ($133); supports directional upward drift.

Thesis duration: Event-specific — Strong dealer gamma and flow concentrated around upcoming weekly expiry dates (May 22, 29, Jun 5).

Price Range Forecast

Next 2 days

$129.73$140.79

Pin at $133-135; upside to $140.79

Next 1 week

$126.78$143.73

Range expands; gamma support at $126.78

Next 2 weeks

$124.23$146.28

Wider range; gamma flip risk at $120

Key Levels

Max pain pins: $133 (2026-05-22); $135 (2026-05-29); $135 (2026-06-05)

EM guardrails: 2d $129.73/$140.79; 1w $126.78/$143.73

Support: $133.00 · $130.00 · $125.00

Resistance: $140.00 · $146.28

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 32,020 (11.3% below spot)

Structural: Max pain pins: $133 (May22), $135 (May29/Jun5). EM guardrails: 2d $129.73/$140.79, 1w $126.78/$143.73. Support: 130, 125. Resistance: 140, 146.28. Gamma flip ~$120.

Dealer Positioning (GEX/DEX)

GEX: $+42.6M

DEX: +87.1M shares

Gamma flip: ~$120 (Approx — based on put OI concentration of 32,020 (11.3% below spot))

NTM gamma: GEX +42.6M (positive), DEX +87.1M shares; gamma flip ~$120 from put OI concentration.

IV Analysis

IV vs VIX: PLTR IV rich vs VIX 18, reflecting event premium and high demand.

Term structure: Front-end elevated due to weekly expirations; mild backwardation.

Skew: Put skew elevated; consider call spreads to capture upside with defined risk.

Flow Analysis

Net premium: Net premium positive $12.7M; P/C vol ratio 0.48 indicates call dominance.

Directional prints: 50.1 call 135 ITM 2026-05-22 — Vol 14.9k, OI 7.5k, vol/OI 2.0. Likely bought; suggests bullish outlook. Preferred read: aggressive call accumulation. 49.7 call 136 OTM 2026-05-22 — Vol 12.5k, OI 5.3k, vol/OI 2.4. Bought speculation; bullish flow. Preferred: upside demand. 47.2 call 138 OTM 2026-06-05 — Vol 2.8k, OI 0.4k, vol/OI 6.2. High relative volume; likely new buying. Preferred: bullish outlier.

Unusual: 47.2 call 138 OTM 2026-06-05 — Extreme vol/OI 6.2; outsized relative to OI. Suggests fresh bullish positioning. 206.3 call 250 OTM 2026-05-22 — Deep OTM with IV 206%; lottery-style buying. Minuscule premium (<$0.02). Preferred: speculative bullish tail. 95.7 call 116 ITM 2026-05-22 — ITM call with elevated IV 95.7%, vol/OI 3.1. Unusual demand for deep ITM calls. Preferred: bullish conviction.

Risks & Catalysts

!Gamma flip below $120

!Macro-driven downside (SPY/QQQ weakness)

!Volatility compression post-events

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Strong	Buy 2026-08-21 $165.00/$185.00 call spread Why now: Strong call flow and gamma pinning. Defined risk.	Upside limited beyond 145; earnings miss.
Put credit spread	Moderate-Strong	Sell 2026-08-21 $120.00/$100.00 put spread Why now: Elevated IV and bullish bias. Defined risk.	Downside break of 130.
Bullish risk reversal	Moderate	Buy 2026-08-21 $165.00 call / sell 2026-08-21 $115.00 put Why now: Call dominance and bullish trend. Cost efficient.	Uncapped downside if below 130.
Cash-secured put	Weak	Sell 2026-08-21 $120.00 cash-secured put Why now: Gamma pinning near 135, IV elevated.	Assignment risk below 130.

Top Plays

Bull Call Spread

Buy 2026-08-21 $165.00/$185.00 call spread

Buy $165/$185 call spread Aug.

Why this play: Aligns with call flow; defined risk.

Debit: $2.38-$2.91

Max loss: $2.91

BE: $167.91

Mgmt: Exit if spot <$133; take profit near $185.

Risk-controlled bullish traders.

Put Credit Spread

Sell 2026-08-21 $120.00/$100.00 put spread

Sell $120/$100 put spread Aug.

Why this play: Elevated IV; bullish bias.

Credit: $4.15-$5.07

Max loss: $14.93

BE: $114.93

Mgmt: Roll below $120; stop at $0.50 credit.

Income with defined risk.

Bullish Risk Reversal

Buy 2026-08-21 $165.00 call / sell 2026-08-21 $115.00 put

Buy $165 call, sell $115 put Aug.

Why this play: Cost efficient; call dominance.

Debit: $0.07-$0.08

Max loss: $115.00

BE: $115.00

Mgmt: Close if spot near $115.

Aggressive upside traders.

Watchlist Triggers

Entry Triggers

IFIF PLTR holds above $133 support with bullish confirmation → THEN enter buy 2026-08-21 $165/$185 call spread (s1) for $2.38-$2.91

IFIF PLTR breaks above $140 resistance with volume → THEN enter bullish risk reversal: buy $165 call, sell $115 put (s3) near $0.07-$0.08

IFIF PLTR declines to $120 support and stabilizes → THEN sell 2026-08-21 $120 cash-secured put (s4) for $6.37-$7.78 credit

Exit Triggers

EXITIF PLTR closes below $133 invalidation level → THEN exit all bullish positions (s1, s2, s3, s4) to limit losses

Tactical Summary

Bullish bias with gamma pinning $133-135. Entry on hold above $133 (call spread) or breakout above $140 (risk reversal). Cash-secured put at $120 support. Hard exit below $133. Monitor SPY/QQQ for macro risk.

How to Use These Reports

This directional reflects the market close on May 19, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.