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PLTR

Palantir Technologies Inc.Close $137.41EOD only
Max Pain
$134.00
Next expiry May 22, 2026
Expected Move
±$2.71
2.0% from close
Price Gap
-3.41
Distance to max pain
IV Rank
8
Low premium
P/C OI
0.97
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: May 21, 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 21, 2026 close
PLTR Earnings Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

PLTR far from earnings; IV elevated but no immediate catalyst. Gamma pinning near $135 supports sideways action.

Confidence:
7.5 / 10
base 5; +1 GEX positive (pinning); +0.5 spot 1.4% from MP; +1 VIX 17
Most important: Gamma pin at $135 and call wall at $150-$155 cap near-term movement.
⚖️Put/Call OI ratio near 1, balanced positioning
🐻Unusual put buying at $126 and $105 suggests downside hedging
🐂100% historical beat rate; bullish bias

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 30,188 (12.3% below spot)

Earnings Overview

Next earnings: 2026-08-03 (73 days)explicit

Expected moves:

  • 2026-05-29 (7d): ±$6.08 (4.4%)
  • 2026-06-05 (14d): ±$9.15 (6.7%)
  • 2026-06-12 (21d): ±$11.48 (8.4%)

IV Setup

Term structure: Upward sloping: 0DTE IV 6-18%, 7d IV 37-44%, 14d IV ~46%

Crush estimate: N/A – earnings 73 days away; no immediate crush

Skew: Mild put skew; far OTM puts elevated IV

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: N/A

Directional bias: Bullish – 100% beat rate

Key Levels

1$120.00 gamma flip
2EM guardrails: 1w $130.80/$142.97
3Max pain pins: $135 (2026-05-22); $135 (2026-05-29); $135 (2026-06-05)

Flow Highlights

Unusual volume in 5/29 $126 Put (vol/OI 9x)

Bearish positioning or tail hedge, likely institutional.

Heavy call volume at 5/29 $138 and $139 calls

Bullish bets near resistance, possible short covering.

Strategies

Defined Risk Pin Play
Sell 2026-06-05 $130.00/$128.00 put wing and $145.00/$146.00 call wing
Credit: $0.56-$0.68
Max loss: $1.32
Max gain: $0.68
BE: 129.32 / 145.68
Trigger: Close if breaks $135 pin or exit at 50% max gain.
Gamma pin at $135 and strong support/resistance make iron condor ideal; defined risk outperforms short strangle.
Outperforms: Captures theta decay near pin with tight wings.
Underperforms: Move outside short strikes invalidates range thesis.
High IV Theta Harvest
Sell 2026-06-05 $130.00 put + sell $145.00 call
Credit: $3.16-$3.87
Max loss: Unlimited
Max gain: $3.87
BE: 126.13 / 148.87
Trigger: Manage around $135; add wings if IV spikes.
Elevated IV with no catalyst favors short strangle despite unlimited risk; second due to lower liquidity.
Outperforms: Sells volatility without directional bias.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!High IV environment amplifies theta decay
!Gamma pin at $135 could lead to sharp reversal if broken
!Low net premium (-$670K) suggests mixed sentiment

What to Watch

?$135 max pain pin
?Put OI concentration at $110-$130 floor
?Call wall at $150-$155
How to Use These Reports
This earnings reflects the market close on May 22, 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.