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PLTR

Palantir Technologies Inc.Close $152.62EOD only
Max Pain
$143.00
Next expiry Apr 24, 2026
Expected Move
±$4.88
3.2% from close
Price Gap
-9.62
Distance to max pain
IV Rank
45
Middle-high premium
P/C OI
1.06
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: Apr 22, 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 22, 2026 close
PLTR Earnings Report
Analysis based on market close April 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Event in 11 days with elevated IV and concentrated flow; historical beat rate 100% (4/4) but price sits below max pain and notable put concentration ~15% below spot.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +0.5 spot 1.7% from MP; +0.5 VIX 19
Most important: High unusual put flow into 4/24-5/01 expiries and large call OI wall $150-$160 could anchor outcomes.
⚠️Concentrated 4/24-5/01 put flow—watch early-week positioning
📈Call OI wall $150-$160 may limit upside post-earnings

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$120.00 — Approx — based on put OI concentration of 22,557 (15.2% below spot)

Earnings Overview

Next earnings: 2026-05-04 (11 days)explicit

Expected moves:

  • 2026-04-24 (1d): ±$3.59 (2.5%)
  • 2026-05-01 (8d): ±$9.10 (6.4%)
  • 2026-05-08 (15d): ±$17.30 (12.2%)

IV Setup

Term structure: Front-month appears cheap (~42-55%) versus longer-dated IV (60+%).

Crush estimate: Moderate-to-large IV crush expected post-print (~30-40% front-month).

Skew: Put-heavy skew into 136-144 strikes with call interest at 145-152.5.

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Historical realized moves generally met/beat expected; implied moves modestly elevated vs realized.

Directional bias: Slight downside bias from put concentration below spot but structural call wall caps upside.

Key Levels

1$120.00 gamma flip
2EM guardrails: 2d $137.98/$145.17; 1w $132.47/$150.67
3Max pain pins: $144 (2026-04-24); $141 (2026-05-01); $140 (2026-05-08)

Flow Highlights

Heavy unusual put prints at 136-144 for 4/24 and 5/01.

Significant downside hedging or directional put demand near current levels.

Large call OI and prints at 150–152.5 for 5/01 and longer.

Potential upside resistance / dealer selling center.

Strategies

Put diagonal (sell May short, buy Jun protection)
Sell 2026-05-08 $140.00 put / buy 2026-06-18 $150.00 put
Debit: $8.35-$10.20
Max loss: $10.20
Max gain: Variable
BE: Path-dependent
Trigger: Enter near top of entry_range; trim if spot breaches invalidation 130 or front-month IV drops >30%; roll or close after crush.
Harvests rich short-dated put flow vs Jun while keeping back-month tail protection against post-print gap.
Outperforms: Sell 05-08 $140 put, buy 06-18 $150 put to collect carry given heavy front-month puts and modest upside cap; mitigates large downside through long Jun put.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Call calendar (sell May short, buy Jun long)
Sell 2026-05-08 $150.00 call / buy 2026-06-18 $150.00 call
Debit: $3.76-$4.59
Max loss: $4.59
Max gain: Variable
BE: Path-dependent
Trigger: Enter near entry_range low; manage if spot rallies toward 150–160 or front-month IV collapses after earnings; cut at invalidation 130.
Exploits cheaper front-month relative to Jun and the $150–$160 call OI wall that limits upside.
Outperforms: Sell 05-08 $150 call, buy 06-18 $150 call to collect premium while retaining longer convexity; benefits if upside is capped and IV term-structure reverts.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Front-month IV crush risk
!Event surprise can breach put concentration and flip gamma
!Net premium negative — sellers loaded

What to Watch

?4/24 front-month prints and IV moves
?Spot vs put OI cluster at ~$131-144
?Call OI absorption at $150-160
How to Use These Reports
This earnings reflects the market close on April 23, 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.