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PLTR

Palantir Technologies Inc.Close $128.47EOD only

Max Pain

$133.00

Next expiry Jun 26, 2026

Expected Move

±$6.82

5.3% from close

Price Gap

+4.53

Distance to max pain

IV Rank

100

High premium

P/C OI

0.89

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 18, 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 18, 2026 close

PLTR Directional Report

Analysis based on market close June 18, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias rooted in strong momentum, bullish flow, and positive QQQ/VIX context, but tempered by negative dealer gamma (-$81.2M) and spot proximity to max pain $128. Expect drift towards resistance $135-$140 over 1-2 weeks, with near-term pinning risk at $128.

Confidence:

6 / 10

Base 5; -1 GEX/flow contradict (negative gamma vs bullish flow); +1 spot at MP (0.2% difference); +1 VIX 16 (moderate risk appetite). Net 6.

Supports: Bullish flow, strong QQQ (+2.51%), high vol trending regime, support at $128, resistance $135-$140.
Conflicts: Negative dealer gamma -$81.2M, gamma flip at $120 (6.6% below), spot near max pain $128, EM guardrails tight.

🟢Bullish flow and positive market context provide tailwind.

⚠️Negative dealer gamma (-$81.2M) could amplify moves but also cause pinning near MP $128.

📈QQQ relative strength +2.51% supports tech upside; VIX 16.4 moderate.

Regime Classification

Vol Regime

High

Vol regime High; implied vol elevated vs typical range, supported by strong price action and dealer hedging.

Gamma Regime

Trending

Gamma negative at -$81.2M; trending regime with flip at ~$120 (6.6% below).

Flow Regime

Bullish

Flow bullish with net premium positive; call buying dominates.

Spot vs Max Pain

Spot at $128.20 nearly at max pain $128 (0.2% diff), increasing pin probability.

Thesis duration: Multi-week — Trending gamma, bullish flow, and 2-week price range support multi-week view.

Price Range Forecast

Next 1 week

$121.65$135.30

Upside bias to $135.3 resistance aided by bullish flow; key support $128 MP.

Next 2 weeks

$119.07$137.87

Broader range $119-$137.9; dealer gamma negative may cause swings; upside target $137.9.

Key Levels

Max pain pins: $128 (2026-06-18); $133 (2026-06-26); $135 (2026-07-02)

EM guardrails: 1w $121.65/$135.30

Support: $128.00 · $125.00 · $120.00

Resistance: $137.87 · $140.00

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 25,286 (6.6% below spot)

Structural: Max pain pins: $128 (6/18), $133 (6/26), $135 (7/02). EM guardrails 1w $121.65/$135.30. Support: 128,125,120. Resistance: 137.87,140. Gamma flip ~$120.

Dealer Positioning (GEX/DEX)

GEX: $-81.2M

DEX: +93.8M shares

Gamma flip: ~$120 (Approx — based on put OI concentration of 25,286 (6.6% below spot))

NTM gamma: GEX -$81.2M, DEX +93.8M shares, gamma flip ~$120 (6.6% below spot).

IV Analysis

IV vs VIX: PLTR IV elevated vs VIX (16.4), indicating rich premiums possibly due to event risk and gamma positioning.

Term structure: Contango with elevated near-term vol; kinks at weekly expiries (6/18, 6/26, 7/02) due to concentrated OI.

Skew: Call-skewed skew; consider selling puts at $120 support for premium due to high IV.

Flow Analysis

Net premium: Net premium $529.5M positive, PC vol ratio 0.53, bullish call dominance.

Directional prints: 30 call 127 ITM 2026-06-18 — Vol 37x OI, high relative. Aggressive buying, synthetic long. Preferred read: bought. 44.3 call 128 ITM 2026-06-26 — Vol 36x OI, elevated. Likely new bullish positions. Preferred read: bought. 51.9 call 126 ITM 2026-06-18 — Vol 34x OI, high. Aggressive upside bet. Preferred read: bought.

Unusual: 163.3 call 35 ITM 2026-08-21 — Deep ITM call, vol 17x OI, extreme IV. Unusual size and skew. Likely hedging or large position roll. 6.3 call 129 OTM 2026-06-18 — Very low IV (6.3%) with high vol 27x OI. Potential sell pressure or arbitrage. 30 call 127 ITM 2026-06-18 — Highest vol/OI ratio (37x) among all. Highly unusual concentration. Aggressive call buying.

Risks & Catalysts

!Negative dealer gamma could trigger sharp reversals below $128.

!Max pain pinning may cap upside near $128 near expiration.

!VIX spike if market sentiment shifts.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate	Sell 2026-07-02 $122.00/$117.00 put spread Why now: Defined-risk premium sale benefits from momentum and bullish flow, while limiting downside via spread.	Sharp reversal below $128 could test short put; spread caps loss. Liquidity constraints: long_put: Open interest below 25.
Bull call spread	Moderate	Buy 2026-07-10 $138.00/$143.00 call spread Why now: Bullish momentum and call dominance support upside; limited capital at risk.	Upside capped at short strike; time decay if stock stalls below long strike.
Long call	Moderate-Weak	Buy 2026-07-10 $138.00 call Why now: Bullish flow and low put/call vol ratio favor upside; positive momentum.	High IV and theta decay; stock must rally quickly to overcome premium.

Top Plays

Bull Call Spread

Buy 2026-07-10 $138.00/$143.00 call spread

Expresses bullish view with capped upside and limited capital at risk.

Why this play: Outranks due to liquidity pass, defined risk, and alignment with bullish momentum and call dominance.

Debit: $0.89-$1.09

Max loss: $1.09

BE: $139.09

Mgmt: Exit if spot breaks below $128; take profit near 50% max gain.

Traders seeking defined-risk upside exposure over 2 weeks.

Long Call

Buy 2026-07-10 $138.00 call

Direct bullish bet leveraging positive momentum and low put/call vol ratio.

Why this play: Outranks put spread due to liquidity pass and stronger upside potential from bullish flow.

Debit: $2.34-$2.85

Max loss: $2.85

BE: $140.85

Mgmt: Monitor closely; stop loss at $128; scale out on 100% gain.

Aggressive traders comfortable with unlimited upside and maximum loss.

Put Credit Spread

Sell 2026-07-02 $122.00/$117.00 put spread

Sells put premium with defined risk, betting on support holding.

Why this play: Lower rank due to liquidity fail and risk from negative dealer gamma below $128.

Credit: $0.94-$1.14

Max loss: $3.86

BE: $120.86

Mgmt: Close if spot approaches $122; roll if gamma risk increases. Liquidity warning: Liquidity constraints: long_put: Open interest below 25.

Income-focused traders willing to accept pinned risk.

Watchlist Triggers

Entry Triggers

IFPLTR holds above $128 support with bullish momentum → Enter Bull Call Spread (PLTR-002): buy $138/$143 call spread for ~$1.00

IFPLTR breaks above $130 on increased volume → Buy Long Call (PLTR-003): $138 call for ~$2.50

Exit Triggers

EXITPLTR closes below $128 → Close all bullish positions immediately

EXITPLTR reaches $140 resistance → Take 50% profit on Bull Call Spread; hold rest for $143

Tactical Summary

Bullish drift to $135-$140 over 1-2 weeks, but negative dealer gamma and max pain at $128 require tight stops. Favor defined-risk bull call spread (PLTR-002) over long call (PLTR-003). Exit if $128 support breaks.

How to Use These Reports

This directional reflects the market close on June 18, 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.