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PLTR

Palantir Technologies Inc.Close $146.39EOD only
Max Pain
$139.00
Next expiry Apr 24, 2026
Expected Move
±$7.60
5.2% from close
Price Gap
-7.39
Distance to max pain
IV Rank
100
High premium
P/C OI
0.98
Balanced positioning
Consensus
6.0/10
Bullish tilt
Published snapshot: Apr 17, 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
Apr 17, 2026 close
PLTR Earnings Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Moderate conviction in limited directional move pre-earnings with pinning risk near $140-$147; expect elevated IV into event.

Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.2% from MP; +0.5 VIX 19; override: blend of pinning GEX and mixed flow; base 5
Most important: GEX-driven pinning at $140 and heavy call OI at $147-$155 may compress realized move vs. option-implied
📌Pinning risk: concentrated call OI 147–155 likely to cap upside
⚠️Front-week IV elevated; expect meaningful IV crush after earnings

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Above
Gamma flip: ~$120.00 — Approx — based on put OI concentration of 23,963 (17.7% below spot)

Earnings Overview

Next earnings: 2026-05-04 (14 days)explicit

Expected moves:

  • 2026-04-24 (4d): ±$6.62 (4.5%)
  • 2026-05-01 (11d): ±$10.27 (7.0%)
  • 2026-05-08 (18d): ±$17.85 (12.2%)

IV Setup

Term structure: Front-week IV elevated (~48–53%) with longer-dated spikes (65–77%)

Crush estimate: Post-earnings IV crush likely material (large front-week drop)

Skew: Put skew elevated on downside expiries; sizable call concentration 147–157 region

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Historically beat-prone (4/4) with realized moves generally below option-implied extremes

Directional bias: Neutral-to-slight-bullish from historical beats but pinning limits upside

Key Levels

1$120.00 gamma flip
2Max pain pins: $140 (2026-04-24); $140 (2026-05-01); $140 (2026-05-08)

Flow Highlights

Heavy call flow and OI at 147–155 on 04/24 expiries

Creates pinning pressure and resistance near those strikes

Large unusual put prints at 134–145 and concentrated put OI ~17.7% below spot

Provides downside hedging and a put floor in 128–140 band

Strategies

Earnings iron‑condor
Sell 2026-05-08 $140.00/$137.00 put wing and $155.00/$160.00 call wing
Credit: $2.32-$2.83
Max loss: $2.17
Max gain: $2.83
BE: 137.17 / 157.83
Trigger: Close or adjust into heavy pinning at 140–147 or if fill moves >$3 from entry.
Collect rich front‑week premium while using wings to limit tail risk near pinning strikes.
Outperforms: Sell 5/8 wings 140/137 put and 155/160 call to harvest IV into earnings with defined loss.
Underperforms: Move outside short strikes invalidates range thesis.
Put calendar at 140
Sell 2026-05-08 $140.00 put / buy 2026-06-18 $140.00 put
Debit: $2.99-$3.66
Max loss: $3.66
Max gain: Variable
BE: Path-dependent
Trigger: Roll or close if price decisively breaks below 140 or IV term flips.
Exploit pinning at $140 and front‑week IV richness versus Jun protection.
Outperforms: Sell 5/8 140 put, buy 6/18 140 put to collect May premium and retain downside hedge.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Call diagonal (155/175)
Sell 2026-05-08 $155.00 call / buy 2026-06-18 $175.00 call
Credit: $1.22-$1.49
Max loss: $0.01
Max gain: Variable
BE: Path-dependent
Trigger: Buy to close if stock pins above 155 or IV collapses post‑earnings.
Short rich May calls where call OI concentrates while keeping upside optionality.
Outperforms: Sell 5/8 155 call, buy 6/18 175 call for net premium sale and upside exposure.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short strangle
Sell 2026-05-08 $140.00 put + sell $155.00 call
Credit: $10.28-$12.57
Max loss: Unlimited
Max gain: $12.57
BE: 127.43 / 167.57
Historical realized moves often below implied extremes; selling elevated May 8 vol collects premium with expected post-crush drop.
Outperforms: Sell strangle across 140 put / 155 call after earnings to harvest front-IV decay.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!High IV environment -> large post-crush reprice
!Pinning can trap stock near strikes, increasing gamma risk
!Mixed flow: prints contradict net premium bias

What to Watch

?Price action vs $140 max-pain and $147 call wall
?IV term-structure shifts into 05/04 earnings
?Unusual print follow-through volume and dealer delta hedging
How to Use These Reports
This earnings reflects the market close on April 20, 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.