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PLTR

Palantir Technologies Inc.Close $152.17EOD only

Max Pain

$140.00

Next expiry Jun 5, 2026

Expected Move

±$6.75

4.4% from close

Price Gap

-12.17

Distance to max pain

IV Rank

High premium

P/C OI

0.90

Balanced positioning

Consensus

9.5/10

Bullish tilt

Published snapshot: Jun 2, 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

Jun 2, 2026 close

PLTR Theta Report

Analysis based on market close April 15, 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 15, 2026. A newer theta report is available for May 26, 2026.

View latest report

Theta Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.3% from MP; +0.5 VIX 18; override: base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.3% from MP; +0.5 VIX 18

IV Environment

IV Regime

High

IV vs VIX

Avg IV 63.5% vs VIX 18.17 — IV is highly elevated relative to index vol; near-term ATM IVs are 46.0% (2d), 49.0% (9d), 49.4% (16d)

Favorable?

Yes

Term structure: Short-dated IV (2–16d) ~46–50% while 23–64d blows out to mid-50s/60s (23d ATM 64.9%) — a front-loaded skew with rich back-months around May expirations.

💰High avg IV (63.5%) creates wide option premiums — good edge to sell premium

⚠️Short-dated IV (2–16d) still ~46–50% — weeklies expensive but less so than the 23–64d band

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+105.1M)

Gamma flip: ~$130.00 — Approx — based on put OI concentration of 26,764 (8.5% below spot)

OI concentrations: Large call OI at $140.00 (38,930 OI) and call walls $150-$155 (combined >~60k OI); largest put OI cluster at $130.00 (26,764 OI). Near-term GEX concentration: +$25.2M at $140.00, +$7.9M at $142.00, +$8.1M at $138.00, +$7.9M at $137.00 — strong pin magnets just below and around spot.

Verdict: Favorable — positive GEX (+$105.1M) and concentrated call OI near $140–$150 create a pinning environment that helps defined-risk put credits and cash-secured puts; however, pinning increases assignment risk into expiries near max pain ($135)

Premium Opportunities

Put credit spread

Sell 2026-05-15 $130.00/$115.00 put spread

Uses supportive pinning regime and elevated IV to collect premium.

Credit: $2.83-$3.45

Max loss: $11.55

BE: $126.55

Mgmt: Close at 65% profit; exit on close <$130

Cash-secured put

Sell 2026-05-15 $125.00 cash-secured put

Sell cash-secured puts around $125–$135 with 25–45 DTE.

Credit: $3.15-$3.85

Max loss: $121.15

BE: $121.15

Mgmt: Roll or take assignment if assigned; avoid holding through earnings (2026-05-04)

Call calendar

Sell 2026-04-24 $150.00 call / buy 2026-07-17 $150.00 call

Sell 2–9d calls and buy 64–128d calls at the same strike to capture term structure.

Debit: $9.45-$11.55

Max loss: $11.55

BE: Path-dependent

Mgmt: Close if short leg goes deep ITM or if IV in back-months collapses

Risk Alerts

!Upcoming earnings 2026-05-04 (19d) — avoid selling naked short through earnings; prefer defined-risk or close before event

!Gamma flip $130 — positive GEX now but a push below this level can accelerate downside and make short-premium positions bleed fast

!Max pain cluster $135 across near expirations and heavy short-term expected moves (2d band $137.48–$146.82) — pinning increases assignment risk into weekly expirations

!Unusual activity around $138–$144 calls/puts (high volume and OI spikes) suggests institutional directional positioning; monitor large block trades (e.g., concentrated flow at $140 and $139)

!IV term-structure is skewed: a sharp IV collapse would quickly reduce front-end premium — manage calendars/diagonals and be ready to close if IV collapses

How to Use These Reports

This theta reflects the market close on April 15, 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.