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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 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bearish bias: spot below max pain, negative dealer gamma favors downside. Resistance 134, support 120. Confidence 7.5.

Confidence:

7.5 / 10

Base 5; +2 GEX/flow aligned; -0.5 spot 4.5% from MP; +1 VIX 18.

Supports: Negative GEX, mixed flow, VIX 17.7.
Conflicts: Spot above gamma flip 120, potential bounce.

📉Short gamma amplifies downside

🎯Max pain 134 for 6/12 expiry

🛡️Support at 120 (gamma flip)

Regime Classification

Vol Regime

High

Elevated IV vs typical range; VIX ~17.7.

Gamma Regime

Trending

Negative GEX -$174.9M, trending gamma; flip near 120.

Flow Regime

Mixed

Mixed but aligned with dealer positioning.

Spot vs Max Pain

Below

Spot below max pain ($134); put concentration adds pressure.

Thesis duration: Multi-week — Multiple expiries (6/12, 6/18, 6/26) support multi-week horizon.

Price Range Forecast

Next 1 week

$121.64$134.34

Resistance 134, support 121.6

Next 2 weeks

$118.59$137.39

Gamma flip 120 may accelerate move

Key Levels

Max pain pins: $134 (2026-06-12); $130 (2026-06-18); $139 (2026-06-26)

EM guardrails: 1w $121.64/$134.34

Support: $125.00 · $120.00 · $118.59

Resistance: $134.00 · $137.39 · $140.00

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 24,371 (6.2% below spot)

Structural: Max pain $134 (6/12), $130 (6/18), $139 (6/26). Support 125/120/118.6; resistance 134/137.4/140. Flip ~120.

Dealer Positioning (GEX/DEX)

GEX: $-174.9M

DEX: +89.7M shares

Gamma flip: ~$120 (Approx — based on put OI concentration of 24,371 (6.2% below spot))

NTM gamma: NTM gamma ~120 (put OI). Dealers short gamma ($-174.9M) can exacerbate moves.

IV Analysis

IV vs VIX: PLTR IV rich vs VIX due to single-stock risk and high vol.

Term structure: Backwardated due to negative gamma and expiries.

Skew: Put skew elevated; consider put spread or skew trade.

Flow Analysis

Net premium: Net -$21.8M; call volume high but likely selling (P/C vol 0.65) indicates bearish flow.

Directional prints: 46 call 128 OTM 2026-06-18 — Vol/OI 29.4; high IV suggests sold calls (bearish) by a seller collecting premium. 45.5 call 131 OTM 2026-06-18 — Vol/OI 7.1; similar bearish sale of OTM calls. 104.7 put 75 OTM 2026-06-26 — Deep OTM put with high IV; likely bought for tail-risk hedge (bearish).

Unusual: 8.6 call 129 OTM 2026-06-12 — Vol/OI 26.6; extreme same-day volume in OTM call with low IV; likely closing or speculative. 15.2 call 130 OTM 2026-06-12 — Vol/OI 12.3; similar massive same-day OTM call volume; unusual concentration.

Risks & Catalysts

!Break above 134 reverses bearish thesis.

!Gamma flip at 120 triggers dealer hedging.

!Earnings or macro event shifts sentiment.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bear put spread	Moderate-Strong	Buy 2026-08-21 $125.00/$110.00 put spread Why now: Defined-risk bearish debit captures downside.	Break above 134 invalidates.
Call credit spread	Moderate	Sell 2026-08-21 $150.00/$175.00 call spread Why now: Profit from flat/down, defined-risk credit.	Short call breached on rally.

Top Plays

Bear Put Spread

Buy 2026-08-21 $125.00/$110.00 put spread

Buy $125 put, sell $110 put to capture multi-week decline with defined risk.

Why this play: Directly profits from expected downside with lower risk and higher probability of success, aligning with bearish bias and flow.

Debit: $5.06-$6.19

Max loss: $6.19

BE: $118.81

Mgmt: Close at 50% gain or if stock breaks above 134 invalidation.

Traders confident in bearish move but wanting capped risk.

Call Credit Spread

Sell 2026-08-21 $150.00/$175.00 call spread

Sell $150 call, buy $175 call to collect premium from range-bound or bearish expectation.

Why this play: Profits from flat to down price action with credit upfront, but higher max loss makes it secondary.

Credit: $3.04-$3.71

Max loss: $21.29

BE: $153.71

Mgmt: Close at 50% of credit or if stock pushes above 134 invalidation.

Traders expecting limited upside or slight decline, seeking theta decay.

Watchlist Triggers

Entry Triggers

IFIF price breaks below 125 → THEN enter Bear Put Spread (buy 125 put, sell 110 put) at ~5.60 debit

Exit Triggers

EXITIF price reaches 120 (gamma flip) → THEN close Bear Put Spread for profit

EXITIF price breaks above 134 → THEN exit all positions

Tactical Summary

Bearish bias on PLTR. Main play: Bear Put Spread on break below 125, target 120, stop at 134. Secondary Call Credit Spread if resistance holds. Use defined-risk spreads.

How to Use These Reports

This directional reflects the market close on June 12, 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.