Home Options PLTRReports

PLTR

Palantir Technologies Inc.Close $137.41EOD only

Max Pain

$134.00

Next expiry May 22, 2026

Expected Move

±$2.71

2.0% from close

Price Gap

-3.41

Distance to max pain

IV Rank

Low premium

P/C OI

0.97

Balanced positioning

Consensus

6.5/10

Bullish tilt

Published snapshot: May 21, 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 21, 2026 close

PLTR Directional Report

Analysis based on market close May 21, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

PLTR shows bullish bias from positive dealer gamma ($+128.7M GEX) and spot above max pain ($134-$135). However, high vol regime and mixed flow warrant caution; near-term pinning to $134-$140 with resistance at $140.

Confidence:

6 / 10

Base 5, adjusted: -1 for mixed flow contradicting GEX, +1 for GEX positive pinning, +1 for VIX 17.

Supports: Positive GEX (+$128.7M), spot above max pain, high gamma pinning.
Conflicts: Mixed flow, gamma flip at $120 (12.7% below spot), resistance $140.

📈Positive GEX: $+128.7M supports pinning

🎯Max Pain Pins: $134-$135, spot above

⚠️Gamma Flip: ~$120, 12.7% below spot

Regime Classification

Vol Regime

High

High vol regime; IV rich vs VIX 16.76.

Gamma Regime

Pinning

Gamma Pinning with +$128.7M GEX; spot above max pain $134-$135.

Flow Regime

Mixed

Flow Mixed; net premium unclear.

Spot vs Max Pain

Above

Spot Above max pain, bullish short-term bias.

Thesis duration: Event-specific — Max pain pins on 2026-05-22 and 2026-05-29 define near-term gamma, making this event-specific.

Price Range Forecast

Next 2 days

$134.70$140.12

Test resistance $140; pinning to $134.

Next 1 week

$130.59$144.24

Range $130.59-$144.24; wait and see.

Next 2 weeks

$127.64$147.19

Wider range $127.64-$147.19; high uncertainty.

Key Levels

Max pain pins: $134 (2026-05-22); $135 (2026-05-29); $135 (2026-06-05)

EM guardrails: 2d $134.70/$140.12; 1w $130.59/$144.24

Support: $134.00 · $130.00 · $127.64

Resistance: $140.00 · $143.00 · $147.19

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 32,262 (12.7% below spot)

Structural: Support: $134, $130, $127.64; Resistance: $140, $143, $147.19; Gamma Flip: ~$120.

Dealer Positioning (GEX/DEX)

GEX: $+128.7M

DEX: +87.7M shares

Gamma flip: ~$120 (Approx — based on put OI concentration of 32,262 (12.7% below spot))

NTM gamma: Dealer gamma +$128.7M positive; gamma flip ~$120 based on put OI.

IV Analysis

IV vs VIX: IV rich vs VIX 16.76, implying elevated premiums.

Term structure: Upward sloping into OPEX with event kinks.

Skew: Put skew elevated; consider selling puts at support or buying calls on pullbacks.

Flow Analysis

Net premium: Net negative premium -$16.5M, P/C vol ratio 0.41, bearish flow.

Directional prints: 39.8 call 141 OTM 2026-05-29 — Vol/OI 16.3, OTM call buying, bullish sentiment. 33 put 137 OTM 2026-05-22 — Vol/OI 12.4, OTM put buying, bearish hedge.

Unusual: 32.9 put 138 ITM 2026-05-22 — Vol/OI 7.0, elevated volume, defensive put. 52.1 put 200 ITM 2026-06-18 — Deep ITM put, high IV, unusual strike. 73.1 put 195 ITM 2026-06-18 — Deep ITM put, very high IV, speculative.

Risks & Catalysts

!Gamma flip at $120 could trigger sell-off.

!Resistance $140 caps upside without catalyst.

!Mixed flow and high vol amplify uncertainty.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-07-17 $140.00/$145.00 call spread Why now: Flow shows bullish OTM call buying; net negative premium suggests caution, so defined risk spread limits cost.	Resistance at $140 caps upside; high vol may erode premium.
Bull call spread	Moderate	Buy 2026-06-12 $135.00/$140.00 call spread Why now: Defined-risk upside capture given mixed flow and high vol; limited exposure to vol expansion.	If spot fails to rally, time decay hurts; resistance at $140 caps upside.

Top Plays

Bull Call Spread (Jul)

Buy 2026-07-17 $140.00/$145.00 call spread

Captures moderate upside with defined risk, suitable given mixed flow and high vol.

Why this play: Better risk/reward (max gain 2.75, max loss 2.25) aligns with bullish OTM call flow.

Debit: $1.84-$2.25

Max loss: $2.25

BE: $142.25

Mgmt: Manage at 50% max gain or near invalidation at $134.

Traders seeking low-cost bullish exposure with limited downside.

Bull Call Spread (Jun)

Buy 2026-06-12 $135.00/$140.00 call spread

Defined-risk upside play with limited vol exposure, suitable for near-term bullish bias.

Why this play: Closer expiration reduces time premium risk; second best choice.

Debit: $2.23-$2.72

Max loss: $2.72

BE: $137.72

Mgmt: Close before June expiration or adjust at 50% max gain.

Traders preferring shorter duration and less time decay.

Watchlist Triggers

Entry Triggers

IFIF PLTR holds above $134 with bullish confirmation (e.g., bounce off support, increasing volume) → THEN buy the Jul $140/$145 call spread near $2.00 debit

IFIF PLTR remains above $134 and uptrend continues with spot near $135-$137 → THEN buy the Jun $135/$140 call spread near $2.50 debit

Exit Triggers

EXITIF PLTR breaks below $134 (invalidation level) → THEN close both bull call spreads to limit loss

Tactical Summary

PLTR bullish bias with support $134, resistance $140. High vol suggests defined-risk spreads. Top play: Jul $140/$145 bull call spread (max gain $2.75, max loss $2.25). Manage risk on break below $134.

How to Use These Reports

This directional reflects the market close on May 21, 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.