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PLTR

Palantir Technologies Inc.Close $156.54EOD only

Max Pain

$136.00

Next expiry Jun 5, 2026

Expected Move

±$9.38

6.0% from close

Price Gap

-20.54

Distance to max pain

IV Rank

100

High premium

P/C OI

0.93

Balanced positioning

Consensus

9.5/10

Bullish tilt

Published snapshot: May 29, 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 29, 2026 close

PLTR Flow Report

Analysis based on market close April 13, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 13, 2026. A newer flow report is available for May 26, 2026.

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Flow Verdict

Confidence:

5.5 / 10

base 6.0; -0.5 mixed/net premium negative vs call-heavy volume; +0.0 GEX pinning already priced

Watch next session: Volume/flow into $135 strikes (calls or puts) around Apr-17 expiry; Short-dated put prints at $129-$133 — see if follow-through continues or is one-day hedging

Flow Summary

Net premium: -$71.3M (net premium negative — headline bearish indicator but conflicted)

P/C volume ratio: 0.44 — call-dominant by volume

P/C OI ratio: 0.98 — OI roughly balanced (no extreme put-wall buildup), moderate call lean in OI clusters

Intraday and near-term flow is mixed: retail/flow players are buying calls (P/C volume 0.44) and large call OI walls sit at 140–155, while concentrated, unusual short-dated put prints at 129–134 (Apr-17) look like protective hedges or directional short-dated puts. Dealers sit with positive GEX (+$21.9M) and a pinning structure around $132–137, which favors consolidation/pin behavior into Apr expiries rather than a one-way move.

Notable Prints

PLTR 2026-04-17 $133.00 PUT

Vol: 7,470

OI: 528

Vol/OI: 14.2x

IV: 50.4%

Notional: ~$2,517,390

Intent: Protective/short-dated directional put buying (hedge or tactical bearish bet into Apr-17)

Dual read: Bought puts (bearish/hedge) OR sold to open as part of a more complex spread (less likely given vol/OI ratio)

Read-through: Large, concentrated activity on Apr-17 puts at-the-money signals short-term risk-off/hedging demand; supports pinch toward max pain rather than a clean bullish breakout.

PLTR 2026-04-17 $134.00 PUT

Vol: 5,063

OI: 427

Vol/OI: 11.9x

IV: 50.1%

Notional: ~$1,994,722

Intent: Near-dated protective/ directional put buying

Dual read: Buyer-initiated protection vs short-dated speculative puts

Read-through: Reinforces $133 print — clustered short-dated put demand immediately around spot increases skew of downside protection into next expiry.

PLTR 2026-04-17 $132.00 PUT

Vol: 5,996

OI: 1,036

Vol/OI: 5.8x

IV: 50.3%

Notional: ~$1,750,320

Intent: Short-dated hedge (ITM/at-the-money protection into Apr expiry)

Dual read: Protective buys vs roll/close activity by short sellers

Read-through: Volume concentrated across adjacent strikes (132-134) — likely protective positioning by holders or traders buying downside insurance into Apr-17.

PLTR 2026-04-17 $129.00 PUT

Vol: 9,168

OI: 1,649

Vol/OI: 5.6x

IV: 51.7%

Notional: ~$1,595,136

Intent: Near-dated put accumulation further OTM — hedging or directional buying

Dual read: Protective layering (buying multiple strikes) OR speculative downside spread leg

Read-through: Larger absolute volume at $129 shows hedging extends a few points lower — increases probability dealers will hedge by buying shares on dips to $129–$132 range.

PLTR 2026-04-17 $134.00 CALL

Vol: 12

OI: 3,842

Vol/OI: 3.3x

IV: 50.7%

Notional: ~$3,063,933

Intent: Fresh call buying into the same short-dated expiry (possible two-way flow: directional call buyers or opening call-sells by dealers hedged with stock)

Dual read: Aggressive call buying (bullish) OR large call-sell (overwriting) by institutions looking to collect premium

Read-through: High call volume at $134 combined with short-dated put buys suggests heavy two-way positioning around Apr-17 — supports pin behavior near $132–135 rather than directional breakout.

Institutional Positioning

Call additions: Concentrated call OI at $140.00 (29,434), $150.00 (27,081/30,354/24,558 aggregated), and $135.00 (18,472) — flow shows call accumulation and premium at 130–140 strikes (Top Premium Flow: $130 and $135 positive net).

Put additions: Near-term protective put flow clustered at $129–134 (heavy Apr-17 prints) and persistent OI at $130.00 (20,912) and $120.00 (20,974) — evidence of layered downside protection.

GEX/DEX consistency: Yes — positive Total GEX $21.9M and GEX concentrations at $132, $133, $135, $137, $140 align with pinning behavior and two-sided flow; dealers likely to dampen moves near these pins.

OI clusters: Largest call OI clusters: $140 (29,434), $150 series (27k–30k aggregated), $135 (18,472); Put OI clusters: $130 (20,912), $120 (20,974), $100 (18,715). These create resistance in the $140–145 band and a put floor near $120–130.

Hedging evidence: Clear short-dated protective put buying into Apr-17 (132–134) consistent with client hedges or tactical insurance. Limited evidence of systematic large collars; activity looks like isolated protection plus large call walls held by long-dated sellers/holders.

Max pain context: Max pain is flat at $135 across near expirations and sits just above spot; combined with positive GEX pin magnets at $132–137, the market structure and flow favor consolidation toward $135 into near-term expiries.

Signal vs Noise

~Apr-17 concentrated puts at $129–134 likely include expiration/hedge flows (buying protection into the next expiry) — not a multi-week structural positioning change by itself.

~Large call OI at $150 and $155 are structural holdings or covered-call walls (resistance) rather than immediate breakout signals; these are longer-dated/size OI clusters.

~Top Premium Flow entries at extremely far strikes in the feed (e.g., $330/$350 items) are out-of-universe for near-spot moves and should be treated as noise or non-PLTR cross-symbol artifacts for near-term directional read.

Key Conclusions

🔁Mixed flow: heavy short-dated put buying (Apr-17 $129–134) coexists with strong call OI at $130–150 — two-way positioning suggests pinning rather than directional breakout.

📌Pin zone near $132–135: multiple GEX concentration points ($132, $133, $135, $137) plus flat Max Pain at $135 make $135 the primary magnet into expiries.

🛡️Short-dated protection visible: the Apr-17 put prints (~$1.7M–$2.5M notional per strike) are meaningful hedges that increase downside support via dealer buying on dips.

🚧Resistance cluster at $140–145 (heavy call OI) creates a call-wall in the upper range of expected move — a break above would require sustained call buying or liquidation of those walls.

👀Watch how flow evolves into Apr-17: continued put buys that push spot < $130 would signal downside conviction; otherwise, expect consolidation near $132–135.

How to Use These Reports

This flow reflects the market close on April 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.

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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.