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PLTR

Palantir Technologies Inc.Close $107.27EOD only

Max Pain

$120.00

Next expiry Jun 26, 2026

Expected Move

±$3.23

3.0% from close

Price Gap

+12.73

Distance to max pain

IV Rank

Low premium

P/C OI

0.87

Slightly call-heavy

Consensus

4.0/10

Bearish tilt

Published snapshot: Jun 25, 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 25, 2026 close

PLTR Directional Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

PLTR gamma pinned near max pain $112 with dealer long gamma supporting spot. Mixed flow and market sell-off cap upside. Neutral bullish bias above $112; confidence 6.5/10.

Confidence:

6.5 / 10

Base 5, -1 mixed flow, +1 GEX positive, +1 near MP, +0.5 VIX 18.

Supports: Dealer long gamma +$2.4M, spot near MP $112, gamma flip ~$110 support.
Conflicts: Mixed flow, market sell-off SPY -0.72%, QQQ -1.38%.

📌Gamma pinning near MP $112 with dealer long gamma.

⚖️Mixed flow; no clear directional bias.

⚠️Break below gamma flip $110 could turn bearish.

Regime Classification

Vol Regime

High

IV elevated (84th percentile) amid market sell-off and near-term expiry.

Gamma Regime

Pinning

GEX +$2.4M, positive gamma near spot; pinning toward $112.

Flow Regime

Mixed

Net premium mixed; no clear directional bias from options flow.

Spot vs Max Pain

Spot at max pain $112; dealer hedging reinforces pin.

Thesis duration: Event-specific — Weekly OPEX with max pain pin and high gamma; event-driven.

Price Range Forecast

Next 1 week

$106.78$119.09

Range $106.78-$119.09; bias upward above $112.

Next 2 weeks

$104.28$121.58

Range $104.28-$121.58; support at gamma flip $110.

Key Levels

Max pain pins: $112 (2026-06-26); $115 (2026-07-02); $125 (2026-07-10)

EM guardrails: 1w $106.78/$119.09

Support: $112.00 · $110.00 · $104.28

Resistance: $121.58

Gamma flip: ~$110.00 — Approx — based on put OI concentration of 21,017 (2.6% below spot)

Structural: Max pain $112 (6/26), $115 (7/2), $125 (7/10); EM guardrails $106.78-$119.09; support $110.

Dealer Positioning (GEX/DEX)

GEX: $+2.4M

DEX: +96.5M shares

Gamma flip: ~$110 (Approx — based on put OI concentration of 21,017 (2.6% below spot))

NTM gamma: Net long gamma +$2.4M, gamma flip ~$110; net long delta +96.5M shares.

IV Analysis

IV vs VIX: IV rich vs VIX (18.4); implied vol 75th percentile, pricing event risk.

Term structure: Contango with front-week elevated; kink at weekly expiry.

Skew: Skew flat; call spreads preferable for upside with defined risk.

Flow Analysis

Net premium: Net put premium $50.8M; P/C vol 0.60 but puts dominate premium.

Directional prints: 18 call 115 OTM 2026-06-26 — High vol/OI 14.4 OTM call, likely bought for speculation. 19.1 put 111 OTM 2026-06-26 — Vol/OI 7.3 OTM put, suggests new bearish bets.

Unusual: 9 call 113 OTM 2026-06-26 — Both 113C (vol/OI 18.8) and 113P (16.6) show massive opening, likely a straddle. 50.9 put 100 OTM 2026-07-24 — Deep OTM July put with IV 50.9%, elevated volume, long protection. 50.1 call 111 ITM 2026-06-26 — ITM call with IV 50.1%, vol/OI 5.5, unusual for ITM, possible leveraged long.

Risks & Catalysts

!Break below gamma flip $110 could trigger dealer selling.

!Flow turning bearish if puts accumulate.

!Broad market sell-off intensifying (SPY -0.72%, QQQ -1.38%).

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate-Strong	Sell 2026-07-10 $105.00/$100.00 put spread Why now: Put dominance; 110/5 spread defined risk, expiry before earnings.	Break below $105; market sell-off.
Bull call spread	Moderate	Buy 2026-07-24 $123.00/$129.00 call spread Why now: Call print at 115; bullish bias, expiry pre-earnings.	Downside if stock falls; time decay if flat.
Short strangle	Moderate-Weak	Sell 2026-07-10 $105.00 put + sell $123.00 call Why now: High IV, low expected move; theta decay, pre-earnings.	Uncapped loss on breakout; gamma risk near earnings.

Top Plays

Put Credit Spread

Sell 2026-07-10 $105.00/$100.00 put spread

Sell $105/$100 put spread for credit, capturing theta with risk below $100.

Why this play: Defined risk, neutral bullish, pre-earnings expiry, aligns with put premium and call volume.

Credit: $0.64-$0.78

Max loss: $4.22

BE: $104.22

Mgmt: Close at 50% max gain or if PLTR breaks below $112.

Cautious bulls seeking income.

Bull Call Spread

Buy 2026-07-24 $123.00/$129.00 call spread

Buy $123/$129 call spread, betting on upside with capped loss.

Why this play: Call print at $115 supports bullish bias, defined risk, expiry before earnings.

Debit: $0.94-$1.15

Max loss: $1.15

BE: $124.15

Mgmt: Exit if PLTR fails to hold $112 or close before earnings.

Aggressive bulls with higher conviction.

Short Strangle

Sell 2026-07-10 $105.00 put + sell $123.00 call

Sell $105 put and $123 call, collecting premium from range-bound move.

Why this play: High IV, theta decay, but unlimited risk and mixed flow reduce appeal.

Credit: $2.21-$2.70

Max loss: Unlimited

BE: 102.30 / 125.70

Mgmt: Set stop at 2x credit received; adjust if delta exceeds 0.25.

Volatility sellers with high risk tolerance.

Watchlist Triggers

Entry Triggers

IFPLTR holds above $112 support → Sell 2026-07-10 $105/$100 put spread

IFPLTR sustains above $115 → Buy 2026-07-24 $123/$129 call spread

IFPLTR stays between $105 and $123 → Sell 2026-07-10 $105 put + $123 call

Adjustment Triggers

ADJShort strangle delta exceeds 0.25 on either leg → Adjust to 30 delta or close

Exit Triggers

EXITPLTR breaks below $112 → Close put credit spread

EXITPLTR fails to hold $112 → Exit bull call spread

Tactical Summary

Neutral bullish bias above $112 with gamma support. Prefer put credit spread or bull call spread for defined risk. Manage risk if $110 gamma flip breaks. Short strangle only for range-bound with tight delta oversight.

How to Use These Reports

This directional reflects the market close on June 26, 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.