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PLTR

Palantir Technologies Inc.Close $130.05EOD only

Max Pain

$138.00

Next expiry May 15, 2026

Expected Move

±$4.47

3.4% from close

Price Gap

+7.95

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.97

Balanced positioning

Consensus

6.5/10

Bullish tilt

Published snapshot: May 13, 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 13, 2026 close

PLTR Directional Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish directional bias driven by bullish flow, positive dealer gamma (pinning to $137), and elevated IV supporting premium selling. Expect upside toward $136-$137 within next 2 days.

Confidence:

9 / 10

Base 5 from regime alignment; +2 strong GEX/flow overlap; +1 positive gamma pinning; +1 low VIX (17) expanding IV premium.

Supports: Bullish flow, +$7.9M GEX, spot below max pain, upward gamma skew.
Conflicts: High vol regime could cause sharp moves; spot below gamma flip at $120 if risk-off.

📈Bullish flow + positive GEX = strong support near current levels.

🎯Max pain $137 for 5/15 expiry provides upside target.

⚠️Gamma flip at $120 is key downside risk if support breaks.

Regime Classification

Vol Regime

High

IV is in the high regime category relative to typical range, suggesting elevated option premiums.

Gamma Regime

Pinning

GEX is +$7.9M with pinning forces near $137, providing support.

Flow Regime

Bullish

Net premium flow is bullish, with put/call ratios favoring upside.

Spot vs Max Pain

Below

Spot near $133 is below 5/15 max pain of $137, suggesting upward pinning pressure.

Thesis duration: Event-specific — Max pain pin for 5/15 expiry and high gamma support around $137 creates event-specific directional bias toward that level.

Price Range Forecast

Next 2 days

$130.86$136.60

Pin to $137 + bullish flow support.

Next 1 week

$126.00$141.45

Broader range with resistance at 140-143.9.

Next 2 weeks

$123.55$143.90

Approaching earnings or events? Hold longer.

Key Levels

Max pain pins: $137 (2026-05-15); $133 (2026-05-22); $135 (2026-05-29)

EM guardrails: 2d $130.86/$136.60; 1w $126.00/$141.45

Support: $130.00 · $125.00 · $123.55

Resistance: $137.00 · $140.00 · $143.90

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 31,718 (10.3% below spot)

Structural: Support at $130, $125, $123.55 (gamma flip area). Resistance at $137 (max pain), $140, $143.9. Guardrails: 2d $130.86-$136.60, 1w $126.00-$141.45.

Dealer Positioning (GEX/DEX)

GEX: $+7.9M

DEX: +95.3M shares

Gamma flip: ~$120 (Approx — based on put OI concentration of 31,718 (10.3% below spot))

NTM gamma: GEX +$7.9M, DEX +95.3M shares. Gamma flip ~$120 based on put OI concentration (31,718 contracts, 10.3% below spot). Positive gamma supports price anchoring near current levels.

IV Analysis

IV vs VIX: Ticker IV is elevated versus VIX (17.26), indicating rich premium; this supports bearish vol strategies if directional conviction is high.

Term structure: Term structure is steep near-term due to weekly expiry event; week-2 and week-3 premiums decay more slowly.

Skew: Put skew is elevated, making call spread selling or put credit spreads attractive for upside positioning.

Flow Analysis

Net premium: 11.6M net premium, P/C vol ratio 0.53, strong call bias.

Directional prints: 38.8 call 132 ITM 2026-05-15 — Vol/OI 6.7 suggests aggressive buying; likely bullish opening positions. 37.5 call 133 ITM 2026-05-15 — Vol/OI 4.7, heavy volume; similar bullish buying.

Unusual: 50.4 put 142 ITM 2026-05-29 — Vol/OI 7.1 extreme; likely hedge against call positions. Preferred read: protective put bought. 49.3 put 115 OTM 2026-06-26 — Vol/OI 6.5; hedge for downside protection given call bias. Preferred read: protective put. 77.7 put 77.5 OTM 2026-06-18 — Vol/OI 6.0, deep OTM put; tail hedge. Preferred read: hedge bought.

Risks & Catalysts

!Gamma flip at $120 if selling pressure spikes.

!High vol regime could accelerate moves beyond guardrails.

!Earnings or news could disrupt pinning pattern.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate	Sell 2026-05-29 $126.00/$121.00 put spread Why now: High IV and positive gamma pinning allow defined-risk premium harvest near-term.	Upside limited; underlying can fall below short put.
Bull call spread	Moderate	Buy 2026-05-29 $135.00/$142.00 call spread Why now: Bullish flow and OI support near-term call buying; limited capital at risk.	Max loss premium; time decay if move delayed.
Cash-secured put	Moderate-Weak	Sell 2026-05-29 $124.00 cash-secured put Why now: Elevated IV inflates put premium; defined risk via cash-secured assignment.	Stock drops below strike; large notional loss.

Top Plays

Bull Call Spread

Buy 2026-05-29 $135.00/$142.00 call spread

Buys upside exposure with defined risk, aligned with expected price target.

Why this play: Directly benefits from bullish move, limited risk, best risk/reward ratio.

Debit: $2.12-$2.59

Max loss: $2.59

BE: $137.59

Mgmt: Close if price reaches $137 or before earnings.

Traders targeting directional upside with limited capital.

Put Credit Spread

Sell 2026-05-29 $126.00/$121.00 put spread

Sells OTM puts to collect premium, profiting from sideways to up move.

Why this play: Captures high IV premium with wide safety buffer, but lower upside.

Credit: $0.87-$1.06

Max loss: $3.94

BE: $124.94

Mgmt: Monitor pinning; exit early if price weakens below $130.

Traders who expect minimal downside and want defined risk.

Cash-Secured Put

Sell 2026-05-29 $124.00 cash-secured put

Sells a put fully backed by cash, collecting premium with assignment risk.

Why this play: Simple premium collection but high capital requirement and poor risk/reward.

Credit: $1.43-$1.75

Max loss: $122.25

BE: $122.25

Mgmt: Roll if tested; accept assignment if price below $124.

Conservative traders willing to buy shares at lower price.

Watchlist Triggers

Entry Triggers

IFIF PLTR holds above $130 for 2 days → THEN buy 2026-05-29 $135/$142 call spread near $2.35

IFIF PLTR drops to $125 support and holds → THEN sell 2026-05-29 $126/$121 put spread near $0.96

Adjustment Triggers

ADJIF PLTR closes below $130 → THEN exit put credit spread to limit loss

Exit Triggers

EXITIF PLTR reaches $137 → THEN exit bull call spread for profit

Tactical Summary

Bullish bias toward $136-$137 in 2 days. Use bull call spread for directional upside; put credit spread if support holds. Invalidation below $130. Key resistance $137, support $130. Earnings in 81 days; avoid holding over weekend.

How to Use These Reports

This directional reflects the market close on May 14, 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.