thetaOwl
HomeOptionsPLTRReports

PLTR

Palantir Technologies Inc.Close $135.26EOD only
Max Pain
$133.00
Next expiry May 22, 2026
Expected Move
±$5.53
4.1% from close
Price Gap
-2.26
Distance to max pain
IV Rank
0
Low premium
P/C OI
1.00
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: May 19, 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 19, 2026 close
PLTR Earnings Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 15, 2026. A newer earnings report is available for May 20, 2026.

View latest report

Earnings Verdict

PLTR earnings 80 days out; high IV, bullish flow, gamma pinning near $135.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.7% from MP; +0.5 VIX 18
Most important: Gamma flip at $120; call wall $150-$155 resistance.
📈5 consecutive beats with 100% rate
⚠️80 days to earnings; theta drag significant
🔮Gamma flip at $120 could accelerate moves

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
At
Gamma flip: ~$120.00 — Approx — based on put OI concentration of 31,439 (10.4% below spot)

Earnings Overview

Next earnings: 2026-08-03 (80 days)explicit

Expected moves:

  • 2026-05-22 (7d): ±$7.05 (5.3%)
  • 2026-05-29 (14d): ±$9.70 (7.2%)
  • 2026-06-05 (21d): ±$12.15 (9.1%)

IV Setup

Term structure: Contango: front-end elevated (7d ~5.3% move), back-end lower but still above historical; 80d event uncertainty.

Crush estimate: Expected IV crush ~40-50% post-earnings

Skew: Put skew elevated on downside protection; call skew moderate.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not available; beat rate 100% (5/5 quarters) suggests consistent upside surprises.

Directional bias: Bullish from flow and historical beats.

Key Levels

1$120.00 gamma flip
2EM guardrails: 1w $126.94/$141.04
3Max pain pins: $135 (2026-05-15); $133 (2026-05-22); $135 (2026-05-29)

Flow Highlights

Massive 0DTE call sweep at $134 (34,485 vol vs 3,894 OI)

Aggressive bullish bet expiring today, possible pinning.

Unusual deep OTM call activity at $200 Jun5 (3,096 vol)

Speculative upside bets on long-term growth.

Strategies

Iron Condor at Max Pain
Sell 2026-05-22 $130.00/$124.00 put wing and $135.00/$138.00 call wing
Credit: $2.11-$2.58
Max loss: $3.42
Max gain: $2.58
BE: 127.42 / 137.58
Trigger: Close if price breaches $124 or $138; adjust if IV expands sharply.
Captures elevated IV crush with pinning at $135; call wall $140 caps upside.
Outperforms: Sells put spread and call spread to profit from time decay and IV contraction within range.
Underperforms: Move outside short strikes invalidates range thesis.
Call Calendar on Contango
Sell 2026-05-22 $135.00 call / buy 2026-06-18 $135.00 call
Debit: $4.03-$4.92
Max loss: $4.92
Max gain: Variable
BE: Path-dependent
Trigger: Close if price drops below $130; roll if near expiry and still profitable.
Exploits front-end IV premium decay while maintaining bullish tilt via back month.
Outperforms: Sells short-dated call and buys longer-dated call at same strike to profit from term structure.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Gamma flip risk at $120 (put OI concentration)
!IV crush post-earnings may deflate premium quickly
!SPY/QQQ down 1-1.5% today, broad market headwind

What to Watch

?Max pain pin $135 (multiple expiries)
?Call wall $150-$155 resistance
?EM guardrails $126.94-$141.04
How to Use These Reports
This earnings reflects the market close on May 15, 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.