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PLTR

Palantir Technologies Inc.Close $113.50EOD only
Max Pain
$123.00
Next expiry Jun 26, 2026
Expected Move
±$4.12
3.6% from close
Price Gap
+9.50
Distance to max pain
IV Rank
4
Low premium
P/C OI
0.89
Slightly call-heavy
Consensus
5.5/10
Bearish tilt
Published snapshot: Jun 24, 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 24, 2026 close
PLTR Directional Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Outlook

Bullish bias in a high-vol trending regime. Spot below max pain ($120 for 6/26) with support from dealer gamma flip at $100. Negative gamma (-$66.9M) amplifies moves; alignment with flow and moderate VIX (19) supports upside. Range leans target resistance at $110-116.

Confidence:
6.5 / 10
Base 5; +2 GEX/flow strongly aligned; -1 spot 10.6% below MP; +0.5 VIX 19. Net 6.5.
Supports: GEX/flow alignment, support at $100 gamma flip, bullish max-pain pull.
Conflicts: Spot 10.6% below MP, mixed flow label, high vol may trigger stops.
🔼Spot below max pain ($120) but support at gamma flip ($100) provides floor.
⚡Negative gamma (-$66.9M) amplifies directional moves, favors breakouts.
⚠️Mixed flow and 10.6% gap to MP introduce risk of mean reversion.

Regime Classification

Vol Regime
High
IV is high relative to typical range, consistent with trending gamma regime and VIX at 19.
Gamma Regime
Trending
Total GEX -$66.9M (short gamma); gamma flip proximity ~$100; dealer hedging amplifies price moves.
Flow Regime
Mixed
Net premium is mixed, but GEX/flow alignment is strong per confidence breakdown.
Spot vs Max Pain
Below
Spot is below nearest max pain ($120 for 6/26) by ~10.6%, with support at $100 gamma flip.
Thesis duration: Multi-week — Trending gamma regime, negative dealer gamma, and high vol suggest sustained momentum beyond event window.

Price Range Forecast

Next 2 days
$104.04$110.49
Upside bias toward $110.49; support at $104.04.
Next 1 week
$100.37$114.16
Resistance at $116.59; break of $110 targets $114-116.
Next 2 weeks
$97.94$116.59
Wider range $97.94-$116.59; gamma flip at $100 caps downside.

Key Levels

Max pain pins: $120 (2026-06-26); $118 (2026-07-02); $127 (2026-07-10)
EM guardrails: 2d $104.04/$110.49; 1w $100.37/$114.16
Support: $100.00 · $97.94
Resistance: $116.59
Gamma flip: ~$100.00 — Approx — based on put OI concentration of 15,441 (6.8% below spot)
Structural: Support: $100 (gamma flip), $97.94 (2w low). Resistance: $110.49 (2d high), $116.59 (2w high). Max pain pins: $120 (6/26), $118 (7/2), $127 (7/10).

Dealer Positioning (GEX/DEX)

GEX: $-66.9M

DEX: +99.8M shares

Gamma flip: ~$100 (Approx — based on put OI concentration of 15,441 (6.8% below spot))

NTM gamma: GEX -$66.9M (short gamma), DEX +99.8M shares (long delta). Gamma flip ~$100 (put OI). Dealers add fuel to directional moves; hedging could accelerate breaks above resistance.

IV Analysis

IV vs VIX: IV is elevated vs VIX (19), indicating rich options pricing but justified by high vol regime.

Term structure: Likely contango given high vol; front-end elevated, backwardation possible near events.

Skew: Put skew is elevated (fear premium). Consider short puts at $100 support or call spreads targeting $116.

Flow Analysis

Net premium: Net premium -$233M with put/call vol ratio 1.05 indicates net put buying, bearish skew.

Directional prints: 53.1 call 110 OTM 2026-06-26 — Vol/OI 96.9: massive call buying likely by aggressive bulls. Preferred: bought. 50.3 put 107 OTM 2026-06-26 — Vol/OI 60.7: put buying for downside protection or bearish bet. Preferred: bought.

Unusual: 53.1 call 110 OTM 2026-06-26 — Vol/OI 96.9: huge relative call volume, likely bought by bullish investors. 52.6 put 104 OTM 2026-06-26 — Vol/OI 64.0: significant put activity, possibly hedging or bearish positioning. 50.3 put 107 OTM 2026-06-26 — Vol/OI 60.7: aggressive put buying at ITM strike, suggests bearish sentiment.

Risks & Catalysts

!Break below $100 gamma flip could trigger accelerated selling.
!Spot remains 10.6% below max pain; mean-reversion risk if drift fails.
!IV collapse if vol regime normalizes, hurting long premium positions.
!Earnings or macro events (date 2026-06-25) could disrupt technicals.

Strategy Viability

StrategyEdgeBest SetupPrimary Risk
Bull call spreadStrong
Buy 2026-08-21 $115.00/$120.00 call spread
Why now: Flow shows aggressive call buying at 110; dealer gamma flip supports upside.
Break below $100 gamma flip invalidates thesis.
Long callModerate-Strong
Buy 2026-08-21 $115.00 call
Why now: Heavy call volume at 110 strike with high vol/OI ratio indicates bullish conviction.
IV collapse post-earnings could hurt premium; time decay accelerates.
Put credit spreadModerate
Sell 2026-08-21 $100.00/$95.00 put spread
Why now: Put credit spread profits from upside drift and time decay; gamma flip support at 100.
A sharp drop below 100 could lead to max loss; VIX spike amplifies risk.

Top Plays

#1
Bull Call Spread
Buy 2026-08-21 $115.00/$120.00 call spread
Buy 115/120 call spread capturing upside with limited cost.
Why this play: Best risk/reward for bullish thesis; defined loss, leverages call flow and gamma flip.
Debit: $1.40-$1.71
Max loss: $1.71
BE: $116.71
Mgmt: Exit at 50% max gain or at invalidation below 100.
Traders seeking capped risk with upside exposure.
#2
Long Call
Buy 2026-08-21 $115.00 call
Buy 115 call for unlimited upside potential.
Why this play: Direct bullish bet; heavy call volume confirms conviction.
Debit: $6.53-$7.98
Max loss: $7.98
BE: $122.98
Mgmt: Set stop at 100; take partial profits if price exceeds 120.
Aggressive traders with high risk tolerance.

Watchlist Triggers

Entry Triggers
IFPLTR holds above $100 gamma flip with bullish momentum → Buy 2026-08-21 $115/$120 call spread near $1.40-$1.71
IFPLTR breaks above $110 resistance with strong call volume → Buy 2026-08-21 $115 call near $6.53-$7.98
Exit Triggers
EXITPLTR closes below $100 invalidation level → Close all bullish positions to limit losses

Tactical Summary

Bullish bias with support at $100 gamma flip and resistance at $116.59. Top play: bull call spread (defined risk), next: long call (aggressive). Use put credit spread for income if spot stays above $100. Manage exits at invalidation or target gains.
How to Use These Reports
This directional reflects the market close on June 25, 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.