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PLTR

Palantir Technologies Inc.Close $137.15EOD only

Max Pain

$134.00

Next expiry May 22, 2026

Expected Move

±$4.20

3.1% from close

Price Gap

-3.15

Distance to max pain

IV Rank

Low premium

P/C OI

0.98

Balanced positioning

Consensus

6.0/10

Bullish tilt

Published snapshot: May 20, 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 20, 2026 close

PLTR Flow Report

Analysis based on market close May 20, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 VIX 17

Watch next session: $136; $135; $144

Flow Summary

Net premium: -$11.3M bearish

P/C volume ratio: 0.63

P/C OI ratio: 0.98

Positive net premium and high call volume suggest bullish flow, supported by positive gamma and delta. However, heavy near-term put buying at key strikes introduces hedging or bearish overlay, creating mixed signals. Spot above max pain reinforces pinning dynamics.

Notable Prints

PLTR 2026-05-22 $136.00 Put

Vol: 10,843

OI: 854

Vol/OI: 12.7x

IV: 42.4%

Notional: ~$1.7M

Intent: Bearish speculation

Dual read: Pinning hedge

Read-through: High volume suggests pre-earnings hedging

PLTR 2026-05-22 $116.00 Call

Vol: 327

OI: 106

Vol/OI: 3.1x

IV: 156.8%

Notional: ~$602K

Intent: Deep ITM buy

Dual read: Early exercise

Read-through: Volatility event

PLTR 2026-05-22 $144.00 Call

Vol: 9,621

OI: 3,627

Vol/OI: 2.6x

IV: 42.7%

Notional: ~$250K

Intent: Bullish call buying

Dual read: Gamma squeeze

Read-through: Targeting upside

PLTR 2026-05-22 $135.00 Put

Vol: 9,547

OI: 4,154

Vol/OI: 2.3x

IV: 42.7%

Notional: ~$1.1M

Intent: Hedging

Dual read: Pinning

Read-through: ATM protection

PLTR 2026-06-05 $144.00 Call

Vol: 621

OI: 286

Vol/OI: 2.2x

IV: 45.8%

Notional: ~$166K

Intent: Bullish continuation

Dual read: Earnings play

Read-through: Momentum

Institutional Positioning

Call additions: $136 (12.2k vol), $144 (9.6k vol) May22; $116 high IV.

Put additions: $136 (10.8k), $135 (9.5k) May22; $55 Oct26 (500).

GEX/DEX consistency: GEX +$92M, DEX +87M shares; positive gamma pinning, net premium negative for puts.

OI clusters: $136 call (5.9k OI), $135 put (4.1k OI), $144 call (3.6k OI).

Hedging evidence: Large put activity near spot; $55 put tail hedge; inverse call/put imbalance.

Max pain context: Spot above MP; gamma flip at $120; pinning toward $136.

Signal vs Noise

~Signal: high vol/OI puts at $136, $135; call accumulation at $136.

~Noise: $116 call (156% IV, low OI); $250 call (lottery).

Key Conclusions

📈Bullish gamma pinning above MP; GEX/DEX support short-term upside.

⚠️Large put hedging near $136 signals caution despite positive flow.

🤔Long-dated tail put and mixed net premium suggest uncertainty.

How to Use These Reports

This flow reflects the market close on May 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.