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PLTR

Palantir Technologies Inc.Close $136.00EOD only
Max Pain
$138.00
Next expiry May 15, 2026
Expected Move
±$5.36
3.9% from close
Price Gap
+2.00
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.99
Balanced positioning
Consensus
6.0/10
Consensus signal
Published snapshot: May 12, 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
May 12, 2026 close
PLTR Earnings Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

PLTR earnings in 82 days; 100% beat rate; aggressive call buying; IV elevated. Overall bullish setup but long duration adds theta decay risk.

Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 5.8% from MP; +1 VIX 18
Most important: 100% historical beats and unusual call volume signal bullish sentiment, but high IV and 82-day horizon require caution.
📊100% beat rate over 5 quarters.
⚠️82 days to earnings: high time decay.
💰Heavy call buying at $130-$134 strikes.

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 31,053 (7.7% below spot)

Earnings Overview

Next earnings: 2026-08-03 (82 days)explicit

Expected moves:

  • 2026-05-15 (2d): ±$4.47 (3.4%)
  • 2026-05-22 (9d): ±$8.67 (6.7%)
  • 2026-05-29 (16d): ±$10.88 (8.4%)

IV Setup

Term structure: Short-term IV elevated (2d 45-50%), longer-term higher; upward sloping.

Crush estimate: 10-15% IV crush post-event expected.

Skew: Put skew elevated; heavy put OI at $110-$120, but call walls at $140-$155 indicate bullish tilt.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not available; 2d implied ±3.4%.

Directional bias: Bullish (100% beat rate, strong call buying).

Key Levels

1$120.00 gamma flip
2EM guardrails: 2d $125.58/$134.52; 1w $121.38/$138.73
3Max pain pins: $138 (2026-05-15); $137 (2026-05-22); $137 (2026-05-29)

Flow Highlights

12,279 contracts on PLTR May 15 $131 Call (83.5x OI).

Massive call buying; bullish bet ahead of earnings.

Net put premium $-16.96M; put/call volume 0.64.

Negative net put premium indicates net put selling (bullish), confirming bullish sentiment.

Strategies

Bull Call Diagonal
Sell 2026-05-22 $138.00 call / buy 2026-06-18 $140.00 call
Debit: $2.52-$3.07
Max loss: $3.07
Max gain: Variable
BE: Path-dependent
Trigger: Monitor IV divergence; close if PLTR drops below $130 invalidation.
Short-term IV premium over long-term, bullish bias, defined risk.
Outperforms: Exploits IV skew with short-term sale and long-term purchase, aligning with PLTR's 100% beat rate.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short Strangle
Sell 2026-05-22 $125.00 put + sell $140.00 call
Credit: $3.23-$3.94
Max loss: Unlimited
Max gain: $3.94
BE: 121.06 / 143.94
Trigger: Adjust if PLTR approaches strikes; consider rolling if IV spikes.
High IV and upward term structure favor sellers; 100% beat rate caps downside.
Outperforms: Collects premium from elevated IV with wide strikes, benefiting from theta decay over 82 days.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!82 days to earnings; theta decay significant.
!High IV may compress if market rallies.
!Gamma flip near $120 could amplify moves.

What to Watch

?Spot reaction at $130-$140 zone.
?IV term structure shifts as event nears.
?Call OI at $140 and $155 resistance.
How to Use These Reports
This earnings reflects the market close on May 13, 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.