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PLTR

Palantir Technologies Inc.Close $112.93EOD only

Max Pain

$115.00

Next expiry Jul 2, 2026

Expected Move

±$6.15

5.5% from close

Price Gap

+2.07

Distance to max pain

IV Rank

Low premium

P/C OI

0.85

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 26, 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 26, 2026 close

PLTR Directional Report

Analysis based on market close June 29, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

PLTR trades above max pain ($111) with strong dealer gamma positive ($+6.5M), suggesting pinning support near $110-$111. High IV and mixed flow limit upside, but bullish SPY/QQQ tailwinds and resistance at $120.59 guardrail favor choppy grind higher toward $120 in the near term.

Confidence:

5.5 / 10

Base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.2% from MP; +1 VIX 18. Net: 5.5.

Supports: Bullish SPY/QQQ (+1.65%/+2.49%), strong dealer gamma ($+6.5M), spot above max pain ($111) with support at $110.80
Conflicts: High IV cap, mixed flow, distance from gamma flip ($110), resistance at $120.59

🛡️Gamma pinning at $111 (max pain 7/2) and $110 gamma flip provide strong support zone.

⚠️High vol regime (VIX 18) and mixed flow imply choppy action; upside limited to $120.59 guardrail.

📈SPY/QQQ rally tailwinds favor gradual drift toward $120 resistance over next 2 weeks.

Regime Classification

Vol Regime

High

High IV relative to typical range; VIX at 18 adds premium, suggesting uncertainty or event risk.

Gamma Regime

Pinning

Positive GEX ($+6.5M) with gamma flip at ~$110, providing pinning support near that level.

Flow Regime

Mixed

Mixed flow – net premium context unclear, but put OI concentration at $110 (21.8K) indicates downside hedging.

Spot vs Max Pain

Above

Spot above max pain ($111) by 4.2%, reducing pinning attraction but support remains.

Thesis duration: Multi-week — Range extends to 2 weeks ($105-$126) with multiple max pain dates; structural gamma and vol regime suggest multi-week positioning.

Price Range Forecast

Next 2 days

$110.80$120.59

Support at $110.80, resistance at $120.59; gamma pinning near $111 favors drift up.

Next 2 weeks

$105.42$125.97

Broader range $105.42-$125.97; upside potential to $120+ if SPY holds.

Key Levels

Max pain pins: $111 (2026-07-02); $120 (2026-07-10); $130 (2026-07-17)

EM guardrails: 2d $110.80/$120.59

Support: $111.00 · $110.00 · $105.42

Resistance: $125.97

Gamma flip: ~$110.00 — Approx — based on put OI concentration of 21,793 (4.9% below spot)

Structural: Support: $111 (max pain 7/2), $110 (gamma flip), $105.42 (cycle low). Resistance: $120.59 (2d guardrail), $125.97 (2w high). Max pain pins: $111 (7/2), $120 (7/10), $130 (7/17).

Dealer Positioning (GEX/DEX)

GEX: $+6.5M

DEX: +95.7M shares

Gamma flip: ~$110 (Approx — based on put OI concentration of 21,793 (4.9% below spot))

NTM gamma: Dealer gamma positive ($+6.5M) with flip at ~$110; DEX long +95.7M shares. Strong dealer support near $110.

IV Analysis

IV vs VIX: Ticker IV rich vs VIX (18), implying elevated event premium or sector-specific uncertainty.

Term structure: Term structure likely contango with kinks around weekly expiries (7/2, 7/10, 7/17); near-term events dominate.

Skew: Put skew elevated at $110 strike (21.8K OI); consider selling puts below $110 to collect premium with gamma support.

Flow Analysis

Net premium: Net premium -$73.6M negative with put premium outweighing calls; put/call volume ratio 0.56 indicates more call contracts but higher put premium.

Directional prints:

Unusual: 49.7 put 107 OTM 2026-07-24 — Vol/OI 26.4x extreme, volume 2773 vs OI 105. Deep OTM put; potential tail hedge. 50 put 116 ITM 2026-07-02 — Vol/OI 15.2x elevated; near-term put buying ahead of event. 55 call 127 OTM 2026-07-02 — Vol/OI 11.2x, high volume OTM calls; speculative bullish flow.

Risks & Catalysts

!Break below gamma flip ($110) could trigger dealer hedging and accelerate selloff to $105.42.

!Mixed flow reduces conviction; a shift to negative premium could reverse bullish bias.

!High IV may compress if VIX drops, hurting long vol positions.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-07-02 $126.00/$127.00 call spread Why now: Bullish bias with support at $110 and resistance at $120; spread captures upside with limited cost.	Capped upside if stock surges past $120.
Put credit spread	Moderate	Sell 2026-07-02 $111.00/$110.00 put spread Why now: Dealer gamma positive underpins support; collect premium with defined downside.	If stock breaches $110, max loss is $4 wide.
Call calendar	Moderate-Weak	Sell 2026-07-02 $126.00 call / buy 2026-07-10 $126.00 call Why now: Bullish with higher vol term structure; short call premium offsets long cost.	If stock rallies above 125, short call caps gains; max loss if stock drops.

Top Plays

Bull Call Spread

Buy 2026-07-02 $126.00/$127.00 call spread

Captures upside to $120 with defined risk, low cost.

Why this play: Best direct bullish with support, resistance at $120, limited cost.

Debit: $0.04-$0.05

Max loss: $0.05

BE: $126.05

Mgmt: Exit near $120 or at 50% gain; risk below $111.

Aggressive bullish traders

Put Credit Spread

Sell 2026-07-02 $111.00/$110.00 put spread

Sells put spread at support, profits from pinning.

Why this play: Dealer gamma supports $111; collect premium with defined downside.

Credit: $0.16-$0.20

Max loss: $0.80

BE: $110.80

Mgmt: Close if PLTR breaks below $111; aim for 50% of max profit.

Income-focused traders

Call Calendar

Sell 2026-07-02 $126.00 call / buy 2026-07-10 $126.00 call

Short near-term call funds long later expiry; benefits from vol decline.

Why this play: Captures vol term structure; bullish with premium collection.

Debit: $0.68-$0.83

Max loss: $0.83

BE: Path-dependent

Mgmt: Adjust if vol moves; roll or close before earnings.

Volatility traders

Watchlist Triggers

Entry Triggers

IFIF PLTR holds above $111 with bullish SPY/QQQ tailwinds → THEN buy 2026-07-02 $126/$127 call spread near $0.05

IFIF PLTR bounces from $110 gamma flip support → THEN sell 2026-07-02 $111/$110 put spread near $0.18

IFIF skewed vol term structure persists without catalyst → THEN sell 2026-07-02 $126 call / buy 2026-07-10 $126 call near $0.75

Adjustment Triggers

ADJIF PLTR drops below $111 → THEN tighten put credit spread strikes or roll down

Exit Triggers

EXITIF PLTR breaks below $110 → THEN close put spread and reduce bull call spread exposure

EXITIF PLTR reaches $120.59 guardrail → THEN take partial profits on bull call spread

Tactical Summary

Bullish near-term bias targeting $120.59 guardrail with support at $111 (max pain) and gamma flip $110. Initiate bull call spread on strength, put credit spread on support hold. Exit if break below $110 accelerates selloff to $105.42. High IV and mixed flow warrant tight stops; adjust spreads on $111 breach.

How to Use These Reports

This directional reflects the market close on June 29, 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.