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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 14, 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 14, 2026. A newer flow report is available for May 26, 2026.

View latest report

Flow Verdict

Confidence:

6.5 / 10

base 6.5/10; base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.5% from MP; +0.5 VIX 18

Watch next session: $137–$140 call flow and OI change (near-term GEX concentration); Put flow into 130–136 strikes (Apr-17 expirations) and whether dealers push delta hedges

Flow Summary

Net premium: -$66.4M bearish (large negative premium skew)

P/C volume ratio: 0.49 — call-dominant by volume

P/C OI ratio: 0.97 — near-neutral OI positioning

Volume traded today was call-heavy (P/C vol 0.49) concentrated around $135–$140 expiries, while net premium is large negative (-$66.4M) driven by outsized put premium at distant strikes in the premium flow table. Dealers show positive GEX (+$61.6M) and near-term gamma pinning around $135–$140, implying dealer hedging will resist large moves away from the $135 max-pain. Short-term flow looks mixed: active protective/near-term put activity (Apr-17) vs meaningful call buying and call OI clusters that create a pin/resistance band up to $140–$150.

Notable Prints

PLTR 2026-04-17 $137.00 Put

Vol: 11,311

OI: 775

Vol/OI: 14.6x

IV: 47.4%

Notional: ~$3,787,585

Intent: Protective/short-term directional put buying ahead of near-term event (earnings May 4 close) or tactical bearish position

Dual read: Could be outright put buys (bearish/hedge) or sales as part of large spread (less likely given vol/OI spike)

Read-through: Large Apr-17 put flow concentrated 1% ITM signals short-term downside hedging pressure; dealers will delta-hedge, adding upside buying into spot if puts are purchased, supporting the pin near $135–$137.

PLTR 2026-05-01 $137.00 Call

Vol: 5,140

OI: 185

Vol/OI: 27.8x

IV: 50.3%

Notional: ~$2,750,900

Intent: Directional call purchases (bullish interest into early May)

Dual read: Could be fresh long calls (bullish) or dealers/clients opening diagonal/vertical structures that increase call OI

Read-through: Significant May call flow right above spot suggests institutional bullish exposure longer-dated than Apr-17 puts; supports a market that wants upside optionality while keeping near-term protection.

PLTR 2026-04-17 $136.00 Put

Vol: 7,786

OI: 683

Vol/OI: 11.4x

IV: 47.2%

Notional: ~$2,204,338

Intent: Near-term protective puts / tactical bearish bets

Dual read: Likely buys for protection; could be part of spreads with nearby calls but high vol/OI ratio leans toward buying

Read-through: Reinforces the short-term hedging theme seen at $137P and $133P — concentrated Apr-17 put demand will drive dealer hedges and pinning pressure around $135–$137.

PLTR 2026-04-17 $133.00 Put

Vol: 9,461

OI: 1,291

Vol/OI: 7.3x

IV: 48.7%

Notional: ~$1,496,222

Intent: Directional protection or speculative put buying slightly OTM

Dual read: Could be protective puts rolled down or fresh bearish exposure

Read-through: Activity across 133/136/137 strikes for Apr-17 is a coherent short-term hedging/directional block cluster; collectively these puts increase probability of dealer pinning around current max pain ($135).

PLTR 2026-04-17 $136.00 Call

Vol: 17,173

OI: 5,026

Vol/OI: 3.4x

IV: 48.1%

Notional: ~$4,397,968

Intent: Large call flow — could be fresh directional buying or opening of call-heavy structures

Dual read: Bought calls (bullish) or sells as part of a complex structure (less likely given call-heavy overall volume)

Read-through: High call activity at $136 (Apr-17) paired with put buying suggests two-way interest: participants preserving upside while buying short-term downside protection — typical of event-driven positioning.

Institutional Positioning

Call additions: $136–$140 short-dated calls and longer-dated calls at $137 (May-01) and concentrated OI at $140/$150/$155; observed call premium flow net positive at $140 ($11,886,175) and $150 ($8,718,996)

Put additions: Near-term protective puts concentrated at $133–$137 (Apr-17) and a large OI cluster at $130 (27,017 OI) — evidence of downside floors being purchased or maintained

GEX/DEX consistency: Partially consistent — positive GEX (+$61.6M) and dealer DEX +95.6M shares align with pinning behavior around $135–$140, but net premium negative (-$66.4M) indicates other large put premium pockets skewing the premium picture

OI clusters: Significant call OI at $140 (38,661), $150 (28,913/30,279/24,858 aggregated), $160 (17,348); large put OI at $130 (27,017), $120 (21,649), and concentrated short-dated puts at $133–$136 — these create a near-term pin at ~$135 and a structural call ceiling toward $140–$150 and a deeper put floor in $100–$120

Hedging evidence: Clear protective put activity into Apr-17 (133–137 strikes) consistent with event hedging; limited evidence of widespread collars (no symmetric simultaneous heavy buy of low calls and high puts), but call buying with near-term put buying suggests asymmetric hedging (long upside optionality + short-term downside protection)

Max pain context: Max Pain pinned at $135 across expirations — flow and GEX concentrations ($+5.7M at $135, +12.5M at $137, +18.7M at $140) reinforce the $135–$140 magnet. Spot ($135.70) is effectively 'At' MP per regime data.

Signal vs Noise

~Very large negative net premium (-$66.4M) is distorted by outsized premium entries at extreme strikes (e.g., $350 and $330 rows in top premium flow). Treat those as likely non-core, low-probability tail trades or dataset artifacts.

~High Apr-17 put activity is likely event/earnings hedging ahead of May 4 earnings — not pure directional conviction; dealer hedging will create pinning effects.

~Call volume spikes at $136–$140 with corresponding high OI can reflect market-maker inventory adjustments or opening of verticals/diagonals; interpret single-strike prints within the broader cluster context before labeling directional.

Key Conclusions

🔁Regime is mixed/pin: dealers hold +$61.6M GEX with concentrated gamma around $135–$140, so price is likely to stay magnetized near $135 in the near term.

🛡️Large Apr-17 put prints at $133–$137 indicate active short-term protective buying — expect dealer delta hedging to provide short-term support/pin near current spot.

📈Call-dominant volume (P/C vol 0.49) plus higher call OI at $140 and $150 suggests institutions retaining upside optionality into early May.

⚖️Net premium skew (-$66.4M) is at odds with volume—inspect large far-dated put premiums in the dataset before treating net premium as directional; treat net premium as mixed until those are adjudicated.

📌Max pain is flat at $135 across near expiries; with GEX concentration +$18.7M at $140 and +$12.5M at $137, watch $135–$140 as the primary magnet/resistance band.

How to Use These Reports

This flow reflects the market close on April 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.