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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 17, 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 17, 2026. A newer theta report is available for May 26, 2026.

View latest report

Theta Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 7.6% from MP; +1 VIX 17

IV Environment

IV Regime

High

IV vs VIX

Elevated underlying IV (~64 avg) vs VIX 17 — near-term expirations show extreme dispersion; same-day ATM IV appears as a data artifact

Favorable?

Term structure: 1–6wk term structure elevated then mildly downward; long-dated IV moderately rich. Front-week is distorted by severe same-day ATM anomaly and extreme put/call skew — avoid front-week premium-selling despite longer-term favorable structure

📌Max-pain cluster $136–$140 aligned with dealer +GEX (≈+$186.7M)

⚠️Severe front-week put/call IV skew and same-day anomalies create high short-gamma intraday spike risk — avoid short premium in front-week

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+186.7M)

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 23,180 (18.0% below spot)

OI concentrations: Put OI concentrated 18% below spot (~23,180 contracts) with call wall $155–$160

Verdict: Pin risk medium-high near $136–$140; dealer positioning and +GEX bias pin but spot ~7.6% above MP raises gap risk and short-gamma exposure if front-week options sold

Premium Opportunities

Call diagonal

Sell 2026-05-22 $152.50 call / buy 2026-06-18 $150.00 call

Sell 5/22 $152.50 call, buy 6/18 $150 call to harvest near-term premium vs back-month protection

Debit: $3.40-$4.15

Max loss: $4.15

BE: Path-dependent

Mgmt: Trim if spot >155 or IV spikes; roll short up/forward if premium persists; cut if spot >157 sustained

PMCC / LEAPS diagonal

Buy 2026-09-18 $160.00 call + sell 2026-06-18 $165.00 call

Buy 9/18 $160 LEAP, sell 6/18 $165 call to fund long-term upside while collecting near-term premium

Debit: $8.55-$10.45

Max loss: $10.45

BE: Path-dependent

Mgmt: Enter when front 30d IV >90d IV and net debit ≤ targeted allocation; roll short monthly to next strike if collected premium >50% of monthly target; close short if spot >165 (take partial profits) or assign risk rises; exit full position if LEAP mark declines >30% or IV collapses >25% from entry; monitor margin and limit position to ≤3% portfolio.

Call diagonal

Sell 2026-05-29 $157.50 call / buy 2026-09-18 $150.00 call

Sell 5/29 $157.50 call, buy 9/18 $150 call to collect longer carry while retaining back-month convexity

Debit: $11.86-$14.49

Max loss: $14.49

BE: Path-dependent

Mgmt: Entry: only if Sep IV > May IV by X (e.g., ≥5 vol points) and net debit ≤ risk budget. Risk limits: position ≤2% portfolio, max margin drawdown 8% of portfolio. Exit: close or roll before earnings (3 trading days prior), stop-loss close if position mark falls 30% or spot gaps >5% intraday, and unwind if maintenance margin increases >25% or Sep IV falls >20%.

Risk Alerts

!Do not sell front-week premium — severe same-day IV/skew anomalies raise short-gamma spike risk

!Front-week IV/skew anomalies can spike realized vol intraday

!Sustained move above $155–$157 undermines pin thesis and invalidates short-premium setups

How to Use These Reports

This theta reflects the market close on April 17, 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.