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PLTR

Palantir Technologies Inc.Close $132.07EOD only

Max Pain

$140.00

Next expiry Jun 12, 2026

Expected Move

±$5.79

4.4% from close

Price Gap

+7.93

Distance to max pain

IV Rank

High premium

P/C OI

0.93

Balanced positioning

Consensus

3.5/10

Bullish tilt

Published snapshot: Jun 9, 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

Jun 9, 2026 close

PLTR Directional Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Mixed signals: bullish flow vs short gamma and below MP ($140). Short-term bearish bias toward gamma flip at $120, but buy-side flow may support. Moderate confidence 3.5.

Confidence:

3.5 / 10

Base 5, adjusted -1 GEX/flow contradict, -1 spot 5.7% below MP, +0.5 VIX 20 → 3.5.

Supports: Bullish flow, high vol, short gamma amplifies moves.
Conflicts: Short gamma, spot below MP, gamma flip at $120 as tail risk.

⚠️Short gamma -$42M amplifies downside if selling occurs.

🔵Bullish flow net premium supports upside pressure.

⚪Max pain $140 pins price; 5.7% gap below.

🔴Gamma flip at $120 (9.1% below spot) as key floor.

Regime Classification

Vol Regime

High

IV elevated (VIX ~20), PLTR vol High, reflects event uncertainty.

Gamma Regime

Trending

Gamma trending: GEX -$42M (short gamma), amplifies price moves.

Flow Regime

Bullish

Flow bullish net premium but contradicts negative GEX.

Spot vs Max Pain

Below

Spot below MP ($140) by 5.7%, pinning possible near term.

Thesis duration: Event-specific — Multiple expiries in next 2 weeks (June 12,18,26) with max pain at $130-$140; spot below, vol high, short gamma.

Price Range Forecast

Next 2 days

$126.29$137.86

Below MP, gamma flip at $120.

Next 1 week

$122.92$141.22

Support $125, max pain $130.

Next 2 weeks

$120.27$143.87

Wider range, gamma flip at $120 floor.

Key Levels

Max pain pins: $140 (2026-06-12); $130 (2026-06-18); $140 (2026-06-26)

EM guardrails: 2d $126.29/$137.86; 1w $122.92/$141.22

Support: $130.00 · $125.00 · $120.27

Resistance: $140.00 · $143.87

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 26,616 (9.1% below spot)

Structural: Support: 130, 125, 120.27 (gamma flip). Resistance: 140 (max pain), 143.87.

Dealer Positioning (GEX/DEX)

GEX: $-42.0M

DEX: +87.9M shares

Gamma flip: ~$120 (Approx — based on put OI concentration of 26,616 (9.1% below spot))

NTM gamma: Dealer gamma -$42M (short gamma), delta +87.9M shares (long delta). Gamma flip at ~$120 (put OI concentration 9.1% below spot).

IV Analysis

IV vs VIX: PLTR IV likely rich vs VIX given high vol regime and event uncertainty.

Term structure: Likely backwardation near expiries due to event risk (max pain pinning).

Skew: Put skew elevated; possible opportunity in put spreads near gamma flip.

Flow Analysis

Net premium: Net premium +$1.55M, P/C vol ratio 0.64 favoring calls, OI ratio 0.93; net call buying.

Directional prints: 53.1 call 132 ITM 2026-06-12 — Vol 6705 vs OI 229 (29.3x) indicates aggressive call buying; bullish sweep. 53.4 call 131 ITM 2026-06-12 — Vol 3027 vs OI 207 (14.6x) suggests bought; bullish. 53.7 call 133 OTM 2026-06-18 — Vol 2631 vs OI 197 (13.4x) bought; bullish position.

Unusual: 52.5 put 121 OTM 2026-06-26 — Vol 2625 vs OI 209 (12.6x) implies put buying; bearish hedge. 54.8 put 127 OTM 2026-06-12 — Vol 4814 vs OI 716 (6.7x) indicates bought puts; bearish speculation. 51.9 call 135 OTM 2026-06-12 — Vol 9060 vs OI 1372 (6.6x) suggests continued call buying; bullish.

Risks & Catalysts

!Gap down to gamma flip at $120 if selling accelerates due to short gamma.

!Unexpected bullish catalyst could squeeze short gamma higher.

!Vol collapse post-event if no catalyst materializes.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bear put spread	Moderate	Buy 2026-07-17 $135.00/$125.00 put spread Why now: Mixed flow but near-term bearish leans; spreads cap risk while capturing expected move toward $125.	Unexpected bullish catalyst could cause spread to lose value; time decay works against if stock stays flat.
Bull call spread	Moderate-Weak	Buy 2026-08-21 $130.00/$140.00 call spread Why now: Flow shows net call buying and unusual activity at $132 call; buy a call spread to limit cost and define risk, targeting longer-term move.	Stock may not rally; bullish thesis contradicted by short-term bearish lean; time decay if move delayed.
Call calendar	Conditional	Sell 2026-07-17 $140.00 call / buy 2026-08-21 $140.00 call Why now: Near-term implied vol is elevated; back-month call benefits from longer time and possible move higher.	Sharp downward move hurts both legs; time decay on short leg may not offset if stock stays below short strike.

Top Plays

Bull call spread on flow

Buy 2026-08-21 $130.00/$140.00 call spread

Captures upside from flow with limited cost and risk.

Why this play: Matches net call buying and unusual activity; higher probability vs bearish spread given bullish flow.

Debit: $3.94-$4.81

Max loss: $4.81

BE: $134.81

Mgmt: Exit below $130; target $140.

Traders bullish long-term despite near-term headwinds.

Bear put spread on short-term lean

Buy 2026-07-17 $135.00/$125.00 put spread

Profits from decline to $125 with defined risk.

Why this play: Aligned with near-term bearish leans but lower priority due to conflicting bullish flow.

Debit: $4.19-$5.12

Max loss: $5.12

BE: $129.88

Mgmt: Exit above $140; manage for earnings.

Traders expecting short-term sell-off despite broader bullish flow.

Call calendar on vol

Sell 2026-07-17 $140.00 call / buy 2026-08-21 $140.00 call

Benefits from time decay in front-month and upside in back-month.

Why this play: Leverages elevated near-term vol but less direct directional edge.

Debit: $4.55-$5.56

Max loss: $5.56

BE: Path-dependent

Mgmt: Close below $130 or above $140.

Traders expecting sideways to slightly higher with vol crush.

Watchlist Triggers

Entry Triggers

IFPLTR breaks below $130 support on volume → Enter bear_put_spread_1: buy 2026-07-17 $135/$125 put spread at $4.19-$5.12

IFPLTR holds above $130 and call flow persists → Enter bull_call_spread_1: buy 2026-08-21 $130/$140 call spread at $3.94-$4.81

Exit Triggers

EXITPLTR closes below $130 → Exit bull_call_spread_1: sell the spread to limit loss

Tactical Summary

Near-term bearish on short gamma and below MP, but bullish flow supports upside. Use bear put spread on break below $130, bull call spread on hold above $130 with flow. Exit bull spread if $130 breaks. Key support: $125, $120. Key resistance: $140. Manage for earnings in 55 days.

How to Use These Reports

This directional reflects the market close on June 9, 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.