thetaOwl

PLTR

Palantir Technologies Inc.Close $146.39EOD only
Max Pain
$139.00
Next expiry Apr 24, 2026
Expected Move
±$7.60
5.2% from close
Price Gap
-7.39
Distance to max pain
IV Rank
100
High premium
P/C OI
0.98
Balanced positioning
Consensus
6.0/10
Bullish tilt
Published snapshot: Apr 17, 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
Apr 17, 2026 close
PLTR Flow Report
Analysis based on market close April 20, 2026

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

Flow Verdict

BiasMixed
Confirmation: Large call prints and heavy call OI near 146–147 with positive GEX (+$55M) support pinning around current levels.
Invalidation: Sustained selling or spot slide toward clustered put strikes (134–144) and rising net negative premium would negate pinning.
Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 4.2% from MP; +0.5 VIX 19

Watch next session: prints/flow at 146–147; spot action toward 134–144 put cluster; VIX and net premium direction

Flow Summary

Net premium: -$95.5M bearish

P/C volume ratio: 0.70

P/C OI ratio: 1.07

Pinning regime: positive GEX and concentrated call OI near 146–147 support current spot, but large unusual put activity, negative net premium and mixed flow leave downside if selling resumes.

Notable Prints

#1
PLTR 2026-04-24 $144.00 Put
Vol: 10,835
OI: 868
Vol/OI: 12.5x
IV: 48.6%
Notional: ~$2.6M
Intent: Protective buying or directional put sweep
Dual read: Dealer sell to lay off risk

Read-through: Downside hedging concentrated ~144

#2
PLTR 2026-04-24 $167.50 Call
Vol: 8,792
OI: 754
Vol/OI: 11.7x
IV: 53.9%
Notional: ~$44K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
PLTR 2026-05-08 $133.00 Put
Vol: 1,819
OI: 226
Vol/OI: 8.1x
IV: 68.8%
Notional: ~$686K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
PLTR 2026-04-24 $134.00 Put
Vol: 2,558
OI: 486
Vol/OI: 5.3x
IV: 53.0%
Notional: ~$90K
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
PLTR 2026-04-24 $147.00 Call
Vol: 25,587
OI: 6,400
Vol/OI: 4.0x
IV: 49.4%
Notional: ~$7.3M
Intent: Dealer sell/structured call (pinning)
Dual read: Aggressive buyer betting rally

Read-through: Pressure near 147; contributes to pinning

Institutional Positioning

Call additions: Concentrated Apr24 calls around 146/147/157.5; also notable dex buys but size/liquidity sensitivity matters

Put additions: Significant Apr24–May8 put buys (strikes ~134–145–143); net premium skewed toward protection

GEX/DEX consistency: Mixed: GEX shows modest pinning tilt but DEX flow can reflect liquidity or one-off algos — not a direct confirmation of GEX

OI clusters: Call OI peaks near 146–147; put OI spread from ~119–145 with pockets of interest, some low-OI prints noisy

Hedging evidence: High-IV put flow and large sizes consistent with dealer delta-hedging and potential collars

Max pain context: Spot ~4.2% above MP; elevated pin risk is conditional on sustained concentrated flow into expiry rather than a foregone outcome

Signal vs Noise

~Signal: concentrated Apr24 option clusters imply focused institutional activity
~Signal: DEX trades indicate liquidity demand but are price- and size-sensitive, not definitive demand confirmation
~Noise: isolated low-OI prints (e.g. 119 put) and one-off prints reduce confidence

Key Conclusions

📌Conditional pin risk: concentration raises the probability of pinning if flow persists into expiry; not guaranteed
⚖️Mixed directional read: large calls plus protective puts suggest hedge-driven positioning rather than clear directional conviction
How to Use These Reports
This flow reflects the market close on April 20, 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.