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PLTR

Palantir Technologies Inc.Close $127.99EOD only
Max Pain
$130.00
Next expiry Jun 18, 2026
Expected Move
±$6.35
5.0% from close
Price Gap
+2.01
Distance to max pain
IV Rank
100
High premium
P/C OI
0.89
Slightly call-heavy
Consensus
6.0/10
Bearish tilt
Published snapshot: Jun 12, 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 12, 2026 close
PLTR Directional Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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Outlook

PLTR 3.6% below $136 max pain, dealer short gamma -$39.6M, flow bullish, VIX 19.4. Neutral-to-bullish bias with gamma risk.

Confidence:
5 / 10
Base 5, adj -0.5 spot below MP, +0.5 VIX 19.4.
Supports: Bullish flow, VIX moderate, $130 support.
Conflicts: Spot below MP, short gamma, high vol.
📈Flow bullish but short gamma risk
⚖️Spot below $136 max pain

Regime Classification

Vol Regime
High
IV high, VIX 19.4
Gamma Regime
Trending
Short gamma -$39.6M, flip near $120
Flow Regime
Bullish
Bullish net premium
Spot vs Max Pain
Below
Spot $130.95, 3.6% below $136
Thesis duration: Event-specific — Event-specific near June 12 OPEX

Price Range Forecast

Next 2 days
$127.80$134.36
Spot below MP, dealer short gamma
Next 1 week
$123.48$138.68
Pin to $130 support
Next 2 weeks
$120.53$141.63
Resistance $140

Key Levels

Max pain pins: $136 (2026-06-12); $130 (2026-06-18); $139 (2026-06-26)
EM guardrails: 2d $127.80/$134.36; 1w $123.48/$138.68
Support: $130.00 · $125.00 · $120.53
Resistance: $136.00 · $140.00 · $141.63
Gamma flip: ~$120.00 — Approx — based on put OI concentration of 24,937 (8.5% below spot)
Structural: Support $130/$125/$120.53, Resist $136/$140/$141.63, EM 2d $127.80-$134.36, 1w $123.48-$138.68.

Dealer Positioning (GEX/DEX)

GEX: $-39.6M

DEX: +89.2M shares

Gamma flip: ~$120 (Approx — based on put OI concentration of 24,937 (8.5% below spot))

NTM gamma: Short gamma -$39.6M, DEX +89.2M, flip $120.

IV Analysis

IV vs VIX: IV rich vs VIX 19.4

Term structure: Kinks at Jun12/18/26

Skew: Put skew high, sell puts at $120

Flow Analysis

Net premium: Net premium positive at $103k with P/C vol ratio 0.78, indicating bullish call-heavy flow.

Directional prints: 43.2 call 130 ITM 2026-06-12 — Vol/OI 7.2x, OI 1511; likely bought calls for upside; preferred read: bullish bought calls. 43.4 call 131 ITM 2026-06-12 — Vol/OI 6.8x, OI 1445; bought calls or sold puts; preferred read: bought calls. 44.2 call 133 OTM 2026-06-12 — Vol/OI 7.9x, OI 1128; bought calls for bullish speculation; preferred read: bought calls.

Unusual: 63.3 put 118 OTM 2026-06-12 — Vol/OI 14.7x, OI 578; very OTM put; likely sold puts for premium (bullish) or bought hedge; preferred read: sold puts. 50.8 call 132 OTM 2026-06-18 — Vol/OI 9.6x, OI 540; bought calls or sold puts; preferred read: bought calls. 50.9 call 127 ITM 2026-06-12 — Vol/OI 8.4x, OI 205; ITM call buying; preferred read: bought calls for directional.

Risks & Catalysts

!Break below $120 gamma flip
!Macro VIX spike

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Put credit spreadModerate-Weak
Sell 2026-07-02 $122.00/$110.00 put spread
Why now: Call flow and short gamma support; premium sale with defined risk.
Gap down below short put due to gamma flip or VIX spike. Liquidity constraints: short_put: Volume below 5.
Bull call spreadModerate
Buy 2026-07-02 $141.00/$150.00 call spread
Why now: Earnings catalyst and bullish flow; limit downside.
Max loss if stock stays below long call strike.
Long callModerate-Strong
Buy 2026-07-02 $141.00 call
Why now: Bullish flow and dealer gamma; IV expansion potential.
Theta decay and time risk if no move.
Cash-secured putModerate-Weak
Sell 2026-07-02 $122.00 cash-secured put
Why now: Neutral-bullish bias; willing to own PLTR lower.
Assignment risk if stock drops below strike. Liquidity constraints: short_put: Volume below 5.

Top Plays

#1
Bull call spread
Buy 2026-07-02 $141.00/$150.00 call spread
Buy call spread for earnings upside with limited capital.
Why this play: Best liquidity, bullish flow alignment, defined risk.
Debit: $1.44-$1.77
Max loss: $1.77
BE: $142.77
Mgmt: Exit if PLTR breaks below $130.
Mildly bullish traders seeking capped risk.
#2
Long call
Buy 2026-07-02 $141.00 call
Direct call purchase to capture IV expansion and upward momentum.
Why this play: High IV and bullish gamma support upside potential.
Debit: $2.57-$3.14
Max loss: $3.14
BE: $144.14
Mgmt: Set stop at $130; take profits at $150.
Aggressive bulls seeking unlimited upside.
#3
Put credit spread
Sell 2026-07-02 $122.00/$110.00 put spread
Sell put spread to collect premium with support at $122.
Why this play: Defined risk, premium collection, neutral-bullish bias.
Credit: $1.74-$2.12
Max loss: $9.88
BE: $119.88
Mgmt: Close if PLTR hits $130 or 50% profit. Liquidity warning: Liquidity constraints: short_put: Volume below 5.
Traders expecting limited downside or time decay.

Watchlist Triggers

Entry Triggers
IFIF PLTR holds above $130 support with bullish volume → THEN enter Bull Call Spread: Buy 2026-07-02 $141/$150 call spread near $1.77 max loss
IFIF PLTR breaks above $136 resistance with momentum → THEN enter Long Call: Buy 2026-07-02 $141 call near $3.14 max loss
Exit Triggers
EXITIF PLTR closes below $130 → THEN exit Bull Call Spread and Long Call positions

Tactical Summary

PLTR near $136 max pain with bullish flow and short gamma. Key support $130, resistance $136/$140. Prefer defined-risk bull call spreads for earnings; long calls for breakouts. Exit if $130 fails.
How to Use These Reports
This directional reflects the market close on June 11, 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.

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What to remember

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