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PLTR

Palantir Technologies Inc.Close $128.06EOD only

Max Pain

$140.00

Next expiry Apr 17, 2026

Expected Move

±$8.12

6.3% from close

Price Gap

+11.94

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.04

Balanced positioning

Consensus

5.5/10

Consensus signal

Published snapshot: Apr 10, 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

Apr 10, 2026 close

PLTR Directional Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from April 6, 2026. A newer directional report is available for April 10, 2026.

View latest report

Outlook

Neutral with upside pinning toward $150-$155. Confidence: 5.5/10. GEX +$40.4M (pinning) and call OI clusters at $150/$155 support a grind higher, but net premium -$281.1M (bearish flow) and spot above max pain create headwinds.

Confidence:

5.5 / 10

base 5; +1 GEX positive (pinning); +0.5 spot 1.3% from MP; -1 GEX/flow contradict

Supports: GEX +$40.4M (pinning), call OI clusters at $150/$155, max pain $146
Conflicts: Net premium -$281.1M (bearish), spot above MP

📊GEX pinning strongest at $152.50 (+$12.4M)

⚠️Net premium -$281.1M from far OTM put sales

Regime Classification

Vol Regime

High

IV 60.1% — high vol favors selling premium

Gamma Regime

Pinning

GEX +$40.4M concentrated near spot — pinning regime

Flow Regime

Mixed

Net prem -$281.1M with P/C vol 0.58 — mixed flow (call buying near, put selling far)

Spot vs Max Pain

Above

Spot $147.93 above MP $146 — slight downward gravity

Thesis duration: Multi-week — Max pain flat ~$146 across expirations, GEX sign stable positive, flow regime consistent — pinning expected to persist 2-4 weeks

Price Range Forecast

Next 2 weeks

$135.33$160.53

GEX pinning dominates; <$145 invalidates

Key Levels

Max pain pins: $146 (2026-04-10); $145 (2026-04-17); $145 (2026-04-24)

EM guardrails:

Support: $145.00 · $140.00 · $135.00

Resistance: $150.00 · $152.50 · $155.00

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 20,560 (18.9% below spot)

Structural: Put floor $100-$130 (structural OI); call OI $155-$170 caps upside

Dealer Positioning (GEX/DEX)

GEX: $+40.4M

DEX: +81.9M shares

Gamma flip: ~$120 (Approx — based on put OI concentration of 20,560 (18.9% below spot))

NTM gamma: Positive GEX concentrated at $149-$155; gamma flip ~$120 (far below)

IV Analysis

IV vs VIX: IV 60.1% — high vol, no VIX given

Term structure: Humped — 4/10 52.6% > 4/24 49.0% > 5/8 60.8% (event kink)

Skew: 5/8 IV 60.8% vs 4/24 49.0% — +11.8pt differential for calendar

Flow Analysis

Net premium: -$281.1M bearish; P/C vol 0.58

Directional prints: put 149 ITM 2026-04-10 — Vol 2,460 vs OI 461 (5.3x) — likely put selling for premium put 148 ITM 2026-04-10 — Vol 5,127 vs OI 1,009 (5.1x) — put selling near spot

Unusual: 54.7 put 320 ITM 2026-06-18 — Vol 12,000 vs OI 700 (17.1x) — far OTM put sale for income

Risks & Catalysts

!Gamma flip ~$120 far below — tail risk if pin breaks

!5/8 IV kink 60.8% — event risk around earnings

!Net premium -$281.1M — institutional hedging pressure

!Spot above MP — downward gravity

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Iron condor	Moderate	$140/$135P x $155/$160C 4/24	VIX spike breaks wings
CSP / put spread	Moderate-Strong	Sell $145/$140 put spread 4/24	Spot breaks below $145
Long calls	Moderate	Buy $150 call 4/24	IV crush if pin holds
Long puts / bear put spreads	Weak	Avoid — GEX positive, flow mixed	Pinning opposes downside
Calendar/diagonal	Moderate-Strong	Sell 5/8 $150 call (IV 60.8%), buy 4/24 $150 call (IV 49.0%) — regular calendar	Spot moves past $150 early
PMCC / LEAPS diagonal	Moderate	Buy 2027-03-19 $120 call, sell 4/24 $155 call	Time decay on short leg
Covered call	Moderate-Strong	Sell $155 call 4/24 against stock	Upside capped at $155
Cash-secured put	Moderate-Strong	Sell $145 put 4/24	Assignment below $145

Top Plays

Put Spread

Sell $145/$140 put spread 4/24

Defined-risk premium below max pain with pinning support

Credit: $1.50-$2.00

Max loss: $3.50

BE: $143.50

Mgmt: Close at 60-70% max profit; stop if spot <$144

Defined-risk premium collectors

Calendar Spread

Sell 5/8 $150 call, buy 4/24 $150 call — regular calendar

Sell high IV (60.8%), buy low IV (49.0%) for +11.8pt edge around earnings

Credit: $1.20-$1.80

Max loss: $3.00

Mgmt: Close after 5/8 IV crush; stop if spot >$155

Vol traders exploiting term structure kink

Covered Call

Sell $155 call 4/24 against stock

Income play with upside to GEX pin at $155; extra time (18 DTE) improves premium vs weekly

Credit: $2.00-$2.50

Mgmt: Roll if spot approaches $155; close at 80% profit

Stock owners seeking yield

Watchlist Triggers

Entry Triggers

IFSpot tags $150, holds 1 hour → Sell $155/$160 call spread 4/24

IFIV on 5/8 expiry drops below 55% → Buy 5/8 $150 call

Exit Triggers

EXITVIX spikes >65% → Exit all short premium positions

EXITSpot closes below $140 → Exit put spreads

Tactical Summary

Primary thesis: neutral pinning toward $150-$155 with GEX support. Invalidation: <$145. Regime favors selling premium (iron condors, put spreads) and covered calls. Top plays: put spread for defined risk, calendar for vol edge, covered call for stock owners.

Read the Directional analysis for PLTR for 2026-04-06. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.