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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

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 Flow Report

Analysis based on market close May 21, 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: $141 call position; $138 put cluster

Flow Summary

Net premium: -$16.5M bearish

P/C volume ratio: 0.41

P/C OI ratio: 0.97

Mixed order flow: heavy put buying at 137-138 (defensive) and large call buying at 141-146 (bullish). Positive GEX ($128.7M) and pinning regime suggest limited downside. Net premium negative (-$16.5M) keeps caution. VIX elevated, spy/qqq mildly positive.

Notable Prints

PLTR 2026-05-29 $141.00 Call

Vol: 7,851

OI: 482

Vol/OI: 16.3x

IV: 39.8%

Notional: ~$1.5M

Intent: Bullish call buying into gamma pinning at $140-$145

Dual read: May be short squeeze positioning

Read-through: Expect spot to test $141 resistance pre-expiry

PLTR 2026-05-22 $137.00 Put

Vol: 10,929

OI: 882

Vol/OI: 12.4x

IV: 33.0%

Notional: ~$1.2M

Intent: Bearish put buying hedging against weekly downside

Dual read: Could be closing short put positions

Read-through: Short-term bearish sentiment despite overall pinning

PLTR 2026-05-22 $138.00 Put

Vol: 4,253

OI: 609

Vol/OI: 7.0x

IV: 32.9%

Notional: ~$685K

Intent: Similar bearish hedge or directional bet

Dual read: Part of a put spread

Read-through: Reinforces bearish bias for this week

PLTR 2026-05-29 $138.00 Put

Vol: 1,261

OI: 199

Vol/OI: 6.3x

IV: 40.0%

Notional: ~$485K

Intent: Longer-dated bearish positioning

Dual read: May be hedging a large long stock position

Read-through: Expect volatility expansion into monthly expiry

PLTR 2026-05-29 $144.00 Call

Vol: 6,153

OI: 1,091

Vol/OI: 5.6x

IV: 39.9%

Notional: ~$683K

Intent: Bullish call buying anticipating breakout above $144

Dual read: Could be selling calls to collect premium

Read-through: Bullish sentiment aligned with gamma pinning

Institutional Positioning

Call additions: Weekly 141/146 calls heavy; OTM calls

Put additions: Weekly 137/138 puts; monthly 195/200 puts hedging

GEX/DEX consistency: GEX +$128M, DEX +87M shares; consistent with gamma pinning

OI clusters: Put OI ~120 (gamma flip); call OI 140-150

Hedging evidence: Large put buys in monthly 195/200 indicate downside protection

Max pain context: Spot above MP; gamma pinning zone 120-140

Signal vs Noise

~High vol/oi ratio in $141 call (16.3) is real buying signal

~Aggressive put buying on $137 and $138 weekly suggests downside concern

~Monthly $200 put is hedging noise; low probability of hitting

Key Conclusions

⚠️Institutions adding put hedges in monthly 195/200 suggests caution near highs

📈Heavy call buying in weekly 141/144/146 indicates short-term bullish bets

How to Use These Reports

This flow reflects the market close on May 21, 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.