thetaOwl
HomeOptionsPLTRReports

PLTR

Palantir Technologies Inc.Close $152.17EOD only
Max Pain
$140.00
Next expiry Jun 5, 2026
Expected Move
±$6.75
4.4% from close
Price Gap
-12.17
Distance to max pain
IV Rank
87
High premium
P/C OI
0.90
Balanced positioning
Consensus
9.5/10
Bullish tilt
Published snapshot: Jun 2, 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 2, 2026 close
PLTR Earnings Report
Analysis based on market close April 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 17, 2026. A newer earnings report is available for May 26, 2026.

View latest report

Earnings Verdict

Bullish-leaning — pinning regime with concentrated put OI ~18% below spot and strong call walls above; flow and GEX supportive. Note: historical beat rate shown but based on a very small sample.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.6% from MP; +1 VIX 17; override: GEX and flow strongly aligned; historical beat consistency but sample tiny
Most important: Pinning gamma: concentrated put OI ~18% below spot supporting downside pin; separate gamma flip sits above spot (~120% of current price) and could accelerate moves if breached
📌Pin at ~18% below spot: heavy put OI concentrated $143–$148
📈Flow + GEX aligned bullishly; net premium inflow ~2.2M
⚠️Front-week IV elevated (~44%) — expect material post-earnings crush

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$120.00 — Approx — based on put OI concentration of 23,180 (18.0% below spot)

Earnings Overview

Next earnings: 2026-05-04 (17 days)explicit

Expected moves:

  • 2026-04-24 (7d): ±$7.60 (5.2%)
  • 2026-05-01 (14d): ±$10.98 (7.5%)
  • 2026-05-08 (21d): ±$18.33 (12.5%)

IV Setup

Term structure: Front-week IV elevated (~44% for nearest expiries) with steep term slope to weeklies.

Crush estimate: Moderate-to-high IV crush expected across weeklies (~30–50% front-week drop possible).

Skew: Put-heavy OI at $143–$148 reduces effective downside skew while large call OI wall sits at $155–$160

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Historical moves modest vs model; expected move range 5–12% across horizons.

Directional bias: Historical beat record 4/4 noted but sample tiny—treat as low-confidence bias

Key Levels

1$120.00 gamma flip
2EM guardrails: 1w $138.79/$153.99
3Max pain pins: $136 (2026-04-17); $139 (2026-04-24); $140 (2026-05-01)

Flow Highlights

Heavy unusual put prints at $143–$148 for 4/24 and concentrated short-dated put volume.

Creates pinning pressure ~18% below spot (max-pain region) distinct from upside gamma flip

Large call OI wall $155–$160 with net premium inflow ~2.2M.

Upside resistance that also indicates bullish directional flow and potential call anchoring

Strategies

Front-week call diagonal
Sell 2026-05-08 $160.00 call / buy 2026-05-29 $165.00 call
Debit: $0.38-$0.47
Max loss: $0.47
Max gain: Variable
BE: Path-dependent
Trigger: Close front leg into earnings-driven IV drop; roll long call if breakout accelerates.
Collect rich front-week IV, retain upside exposure while limiting tail risk.
Outperforms: Sell May‑08 $160 call, buy May‑29 $165 to harvest near-term decay and keep upside optionality if IV flip/breakout occurs.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
May iron condor
Sell 2026-05-29 $132.00/$131.00 put wing and $170.00/$200.00 call wing
Credit: $2.79-$3.40
Max loss: $26.60
Max gain: $3.40
BE: 128.60 / 173.40
Trigger: Close into rapid IV crush or if price approaches wings; adjust if pin fails. Liquidity warning: Liquidity constraints: short_put: Open interest below 25.; long_put: Volume below 5.
Defined-risk premium sale to monetize expected IV compression with limited downside.
Outperforms: Sell May‑29 132/131 put wing and 170/200 call wing to collect premium across term structure.
Underperforms: Move outside short strikes invalidates range thesis.
Short strangle
Sell 2026-05-29 $132.00 put + sell $170.00 call
Credit: $7.76-$9.49
Max loss: Unlimited
Max gain: $9.49
BE: 122.51 / 179.49
Near-term IV is rich and likely to compress after earnings; a neutral premium sale captures decay while maintaining short exposure.
Outperforms: Sell a short strangle to capture elevated IV around earnings with expirations beyond the expected print.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Significant front-week IV; sharp post-earnings move can outsize expectations
!Pinning can fail if results or guidance disappoint despite put concentration
!Upside gamma flip above spot (~120%) can quickly accelerate moves if breached

What to Watch

?Price action around put-concentrated $143–$148 (≈18% below spot) and $155–$160 call wall
?IV changes in nearest expiries pre-close
?Unusual print follow-through and time-of-day flow into expiry
How to Use These Reports
This earnings reflects the market close on April 17, 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.