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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 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish bias this week driven by positive dealer gamma ($22.8M), bullish flow, and spot above max pain $130. Upside toward $139.98 guardrail, but 3.6% from MP and VIX 16 warrant caution.

Confidence:
8.5 / 10
Base 5; +2 GEX/flow aligned; +1 GEX positive pinning; -0.5 spot distance; +1 low VIX = 8.5
Supports: Positive dealer gamma, bullish flow, spot above max pain, low VIX
Conflicts: Spot 3.6% above MP, resistance at $139.98, gamma flip at $120
📈Positive GEX $22.8M suggests dealer hedging supports upside
⚖️Spot above max pain $130 but pulls toward it
⚠️VIX 16 low; IV elevated may crush post-expiry

Regime Classification

Vol Regime
High
High IV relative to typical range, elevated vs VIX 16, likely due to event risk
Gamma Regime
Pinning
Pinning with $22.8M positive GEX, spot above max pain, gamma flip at $120
Flow Regime
Bullish
Bullish net premium flow, call buying dominant
Spot vs Max Pain
Above
Spot above max pain $130 by ~3.6%, dealers hedge pushes spot toward pin
Thesis duration: Event-specific — Weekly expiry on 2026-06-18; gamma and flow dynamics dominate near-term, post-expiry uncertain

Price Range Forecast

Next 2 days
$129.44$139.98
Positive gamma and flow; resistance $139.98 guardrail
Next 2 weeks
$123.79$145.64
Post-expiry drift; support $123.79, resistance $145.64, gamma flip $120

Key Levels

Max pain pins: $130 (2026-06-18); $137 (2026-06-26); $140 (2026-07-02)
EM guardrails: 2d $129.44/$139.98
Support: $130.00 · $125.00 · $123.79
Resistance: $145.64
Gamma flip: ~$120.00 — Approx — based on put OI concentration of 25,631 (10.9% below spot)
Structural: Max pain $130 (Jun18), $137 (Jun26), $140 (Jul02). Gamma flip ~$120. Support $130/125/123.79. Resistance $145.64. EM guardrails $129.44/$139.98.

Dealer Positioning (GEX/DEX)

GEX: $+22.8M

DEX: +85.7M shares

Gamma flip: ~$120 (Approx — based on put OI concentration of 25,631 (10.9% below spot))

NTM gamma: $22.8M positive GEX, +85.7M shares DEX. Gamma flip ~$120 based on put OI concentration.

IV Analysis

IV vs VIX: PLTR IV elevated relative to VIX 16; rich for event, may contract post-expiry

Term structure: Likely flat with kink at weekly expiry; backwardation as expiry approaches

Skew: Put skew elevated; consider put spreads or calendar spreads to capture crush

Flow Analysis

Net premium: Net premium $32.0M bullish, P/C vol ratio 0.40 call-heavy, OI ratio 0.93.

Directional prints: 50.8 call 144 OTM 2026-06-18 — Vol 9756 vs OI 729 (13.4x), OTM call. Likely bought for upside speculation; could be sold to close. Preferred read: aggressive bullish. 49.9 call 142 OTM 2026-06-18 — Vol 12838 vs OI 1358 (9.4x), OTM call. Likely bought for upside speculation; could be sold to close. Preferred read: bullish.

Unusual: 46.1 put 132 OTM 2026-07-02 — Vol 2038 vs OI 136 (15x), OTM put. May be bought for protection or sold as bearish bet. Preferred read: bearish hedge given low put/call ratio. 50.8 call 144 OTM 2026-06-18 — Vol 9756 vs OI 729 (13.4x), OTM call. Likely bought for upside speculation; could be sold. Preferred read: aggressive bullish. 49.9 call 142 OTM 2026-06-18 — Vol 12838 vs OI 1358 (9.4x), OTM call. Likely bought for upside speculation; could be sold. Preferred read: bullish.

Risks & Catalysts

!Spot reversal below $130 and through gamma flip $120
!Event-driven volatility contraction post-expiry
!Resistance at $139.98 could cap upside

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Put credit spreadModerate
Sell 2026-07-02 $129.00/$124.00 put spread
Why now: Spot above max pain $130, gamma support strong. Put credit spread benefits from time decay and resistance to downside.
Unexpected reversal below short strike could trigger max loss. Resistance at 140 may limit upside but not hurt position.
Bull call spreadModerate
Buy 2026-07-02 $139.00/$145.00 call spread
Why now: Positive flow into OTM calls, spot above moving averages. Bull call spread cheapens cost while capping upside at resistance.
If spot fails to break $135, spread expires worthless. Theta works against long position.
Bullish risk reversalModerate-Strong
Buy 2026-07-10 $140.00 call / sell 2026-07-10 $128.00 put
Why now: Unusual call volume at $144 suggests aggressive bullish positioning. Risk reversal provides cheap upside convexity with defined put risk.
Sharp drop below put strike results in losses and potential assignment. Resistance at 140 may cap call gains.

Top Plays

#1
Put Credit Spread
Sell 2026-07-02 $129.00/$124.00 put spread
Sell $129/$124 put spread to collect premium with downside protection below max pain.
Why this play: Best risk-reward given bullish bias and gamma support; time decay favors seller.
Credit: $1.20-$1.47
Max loss: $3.53
BE: $127.53
Mgmt: Exit if spot closes below $130; take profit at 50% max gain.
Traders seeking consistent theta decay with defined risk.
#2
Bull Call Spread
Buy 2026-07-02 $139.00/$145.00 call spread
Buy $139/$145 call spread to benefit from upside move toward resistance.
Why this play: Upside potential from bullish flow and gamma acceleration; limited cost.
Debit: $1.56-$1.90
Max loss: $1.90
BE: $140.90
Mgmt: Sell if spot fails to hold above $135; target near $145 at expiry.
Traders with moderate bullish view expecting rally to $139-$145.
#3
Bullish Risk Reversal
Buy 2026-07-10 $140.00 call / sell 2026-07-10 $128.00 put
Buy $140 call, sell $128 put for cheap upside exposure with put tail risk.
Why this play: Aggressive bullish play exploiting call volume spike; unlimited upside.
Debit: $0.83-$1.02
Max loss: $128.00
BE: $128.00
Mgmt: Close if spot drops below $130; roll put up if spot declines.
High-conviction aggressive traders comfortable with downside risk.

Watchlist Triggers

Entry Triggers
IFIF spot stays above $130 for 2 consecutive closes and VIX < 18 → THEN sell 2026-07-02 $129/$124 put spread
IFIF spot breaks above $135 with increasing volume, holding above $139.98 guardrail → THEN buy 2026-07-02 $139/$145 call spread
Exit Triggers
EXITIF spot closes below $130 → THEN close all open put credit spreads and bull call spreads; for risk reversal, close if spot < $128

Tactical Summary

Bullish bias this week with upside to $139.98 guardrail. Favor put credit spread for theta decay while spot > $130. Bull call spread if momentum persists. Invalidation: close below $130. Risk reversal only for aggressive traders with stop below $128.
How to Use These Reports
This directional reflects the market close on June 15, 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

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.