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PLTR

Palantir Technologies Inc.Close $130.05EOD only
Max Pain
$138.00
Next expiry May 15, 2026
Expected Move
±$4.47
3.4% from close
Price Gap
+7.95
Distance to max pain
IV Rank
52
Middle-high premium
P/C OI
0.97
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: May 13, 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 13, 2026 close
PLTR Earnings Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

PLTR 81d out; bullish flow & 100% beat rate but long time horizon limits near-term edge

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 17
Most important: Watch call/put open interest shifts ahead of earnings
🛡️Unusual put buying at $142 for May 29 suggests downside hedge
📈Call sweeps at $132/$133 for May 15 indicate bullish near-term sentiment
📉Put wall $110-$125 provides support; call wall $150-$155 caps

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Below
Gamma flip: ~$120.00 — Approx — based on put OI concentration of 31,718 (10.3% below spot)

Earnings Overview

Next earnings: 2026-08-03 (81 days)explicit

Expected moves:

  • 2026-05-15 (1d): ±$2.87 (2.1%)
  • 2026-05-22 (8d): ±$7.72 (5.8%)
  • 2026-05-29 (15d): ±$10.18 (7.6%)

IV Setup

Term structure: Contango: near-term IV 37-40%, longer-term elevated; skew steep puts > calls beyond 7d

Crush estimate: Minimal near-term (<1%); moderate back month (~3-5%)

Skew: Calls cheap relative to puts; OTM put vol >50%

Historical Context

Beat rate: 100% (5/5 quarters)

Directional bias: Bullish (100% beat rate)

Key Levels

1$120.00 gamma flip
2EM guardrails: 2d $130.86/$136.60; 1w $126.00/$141.45
3Max pain pins: $137 (2026-05-15); $133 (2026-05-22); $135 (2026-05-29)

Flow Highlights

Large call sweep at $132/$133 for May 15 (18k+ vol vs <4k OI)

Bullish positioning betting on near-term upside pinning to max pain $137

Unusual put volume at $142 for May 29 (1k vol vs 141 OI)

Hedging or bearish bet on post-event downside

Strategies

Short Strangle
Sell 2026-05-22 $124.00 put + sell $143.00 call
Credit: $1.73-$2.12
Max loss: Unlimited
Max gain: $2.12
BE: 121.88 / 145.12
Trigger: Monitor gamma; close at 50% profit or if spot approaches strikes. Hedge if breached.
Highest theta capture in contango, strikes align with call wall 143 and put floor 124, maximizing premium decay over 81 days.
Outperforms: Sell 124 put and 143 call, collecting $2.12 credit, betting PLTR stays in range.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Iron Condor
Sell 2026-05-22 $125.00/$124.00 put wing and $140.00/$143.00 call wing
Credit: $0.64-$0.79
Max loss: $2.21
Max gain: $0.79
BE: 124.21 / 140.79
Trigger: Close at 50% profit or roll wings if tested.
Defined risk alternative to short strangle, same range but limited loss, suitable for risk-averse theta sellers.
Outperforms: Sell 125/124 put spread and 140/143 call spread for $0.79 credit.
Underperforms: Move outside short strikes invalidates range thesis.
Bull Call Spread
Buy 2026-05-22 $138.00/$145.00 call spread
Debit: $1.27-$1.56
Max loss: $1.56
Max gain: $5.44
BE: $139.56
Trigger: Set stop loss at invalidation level $130; exit if bearish reversal.
Aligns with 100% beat rate and bullish flow; limited cost reduces theta decay impact over long hold.
Outperforms: Buy 138/145 call spread for $1.56 debit, targeting upside to 145.
Underperforms: Loss of support weakens upside continuation thesis.
Long straddle
Buy 2026-05-22 $134.00 put + buy $134.00 call
Debit: $6.95-$8.50
Max loss: $8.50
Max gain: Unlimited
BE: 125.50 / 142.50
PLTR has high beat rate but long time to earnings; straddle profits from large move, but theta decay is significant.
Outperforms: Buy long straddle to capture earnings-induced volatility regardless of direction.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Long time to expiry increases theta decay
!Call wall at $150-$155 caps upside
!Put floor $110-$125 supports downside
!Gamma flip at $120 could accelerate selling if broken

What to Watch

?Sustained call buying at $132-$133
?Put OI at $142
?Spot relative to $137 max pain
?Volume in weekly expirations
How to Use These Reports
This earnings reflects the market close on May 14, 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.