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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 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

PLTR is in a high-vol event-driven regime with negative gamma below $110 and positive dealer delta. Spot 7.4% below max pain ($129) suggests upward bias toward OPEX, but $110 is key support. Mixed flow and high IV warrant cautious bullish tilt.

Confidence:

7 / 10

Base 5; +2 GEX/flow aligned; -1 spot vs MP distance; +1 VIX 17.

Supports: Negative GEX below $110; positive DEX; VIX 17.
Conflicts: Mixed flow; spot below MP; high IV caps upside.

📉Negative GEX below $110 can accelerate drops if broken.

🎯Max pain $129 (Jun26) — spot 7.4% below suggests upward drift.

⚠️Mixed flow + high IV: use defined risk strategies.

Regime Classification

Vol Regime

High

IV elevated vs typical, likely due to upcoming weekly OPEX and potential catalyst.

Gamma Regime

Trending

GEX -$49.1M negative gamma; flip at $110 put OI concentration. Dealer hedging may amplify moves below that level.

Flow Regime

Mixed

Mixed: put OI heavy at $110 (19,220) but DEX +87.1M shares positive delta.

Spot vs Max Pain

Below

Spot ~$119.5? (below MP $129 by 7.4%). Upward drift potential but pin risk remains.

Thesis duration: Event-specific — Multiple option expiries (Jun26, Jul2, Jul10) and high IV point to event-driven dynamics.

Price Range Forecast

Next 1 week

$111.05$127.95

Range $111.05-127.95; $110 gamma flip support, $129 max pain resistance.

Next 2 weeks

$108.67$130.32

Range $108.67-130.32; drift toward $130 resistance aligned with max pain levels.

Key Levels

Max pain pins: $129 (2026-06-26); $135 (2026-07-02); $137 (2026-07-10)

EM guardrails: 1w $111.05/$127.95

Support: $110.00 · $108.67

Resistance: $129.00 · $130.32

Gamma flip: ~$110.00 — Approx — based on put OI concentration of 19,220 (7.9% below spot)

Structural: Support $110 (gamma flip), $108.67 (2w low); Resistance $129 (Jun26 round), $130.32 (2w high).

Dealer Positioning (GEX/DEX)

GEX: $-49.1M

DEX: +87.1M shares

Gamma flip: ~$110 (Approx — based on put OI concentration of 19,220 (7.9% below spot))

NTM gamma: GEX -$49.1M (negative gamma); DEX +87.1M shares (+); gamma flip $110 (put OI 19,220). Short gamma below $110 could aggravate downside.

IV Analysis

IV vs VIX: IV rich vs VIX 17.28, implying event premium priced in beyond macro.

Term structure: Steep front-end with kinks at Jun26, Jul2, Jul10 expiries; high near-term vol.

Skew: Put skew elevated at $110; selling puts there attractive given gamma flip support.

Flow Analysis

Net premium: Net premium -$26.2M bearish, but P/C vol ratio 0.77 shows call volume dominates; put volume not elevated.

Directional prints: 53.4 call 121 OTM 2026-06-26 — Vol/OI 51.5x, unusually high. Likely bought, bullish bet on short-term upside. 53.6 call 120 OTM 2026-06-26 — Vol/OI 29.5x, aggressive buying. Bullish, targeting $120+. 52.6 call 124 OTM 2026-06-26 — Vol/OI 21.8x, strong buying. Bullish, speculating on move to $124.

Unusual: 53.4 call 121 OTM 2026-06-26 — Extreme vol/OI 51.5, very abnormal. Likely opening buyer. 53.6 call 120 OTM 2026-06-26 — Vol/OI 29.5, unusual. Aggressive call buying. 52.6 call 124 OTM 2026-06-26 — Vol/OI 21.8, outlier. Bullish speculation.

Risks & Catalysts

!Break below $110 gamma flip accelerates selloff.

!Max-pain drift fails; spot pinned lower.

!Vol crush post-OPEX erodes premium.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-07-17 $120.00/$125.00 call spread Why now: Call dominance and dealer delta support.	Max-pin failure; spot languishes.
Long call	Moderate-Weak	Buy 2026-07-17 $120.00 call Why now: Unusual call volume and high call flow.	IV crush and theta decay if spot flat.
Put credit spread	Moderate	Sell 2026-07-17 $115.00/$110.00 put spread Why now: Gamma support at $110; defined risk below.	Break below $110 gamma flip.

Top Plays

Bull Call Spread

Buy 2026-07-17 $120.00/$125.00 call spread

Buy 120/125 call spread expiring 7/17. Upside to max pain with limited loss.

Why this play: Defined-risk bullish play leveraging call dominance and dealer delta.

Debit: $1.94-$2.37

Max loss: $2.37

BE: $122.37

Mgmt: Close if 50% gain or spot breaks $110.

Moderate bullish outlook.

Put Credit Spread

Sell 2026-07-17 $115.00/$110.00 put spread

Sell 115/110 put spread. Collects premium with safety cushion.

Why this play: Profits from gamma support at $110; defined risk with bullish bias.

Credit: $1.44-$1.76

Max loss: $3.24

BE: $113.24

Mgmt: Roll if spot nears $115; stop at invalidation.

Neutral-bullish, income focus.

Long Call

Buy 2026-07-17 $120.00 call

Buy 120 call. Unlimited upside but high cost and risk.

Why this play: High-conviction bullish bet from unusual call flow.

Debit: $5.69-$6.96

Max loss: $6.96

BE: $126.96

Mgmt: Set stop at $110; take profit on spike.

Aggressive bullish traders.

Watchlist Triggers

Entry Triggers

IFSpot holds above $110 and 5-day average call/put volume ratio > 1.5. → Buy 2026-07-17 $120/$125 call spread at market, target entry $1.94-$2.37.

Exit Triggers

EXITSpot breaks below $110. → Close all bullish positions: call spread, long call, and put credit spread.

Tactical Summary

Bullish tilt using defined-risk spreads; enter bull call spread if support holds at $110; exit all if $110 breaks.

How to Use These Reports

This directional reflects the market close on June 22, 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.