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PLTR

Palantir Technologies Inc.Close $136.00EOD only
Max Pain
$138.00
Next expiry May 15, 2026
Expected Move
±$5.36
3.9% from close
Price Gap
+2.00
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.99
Balanced positioning
Consensus
6.0/10
Consensus signal
Published snapshot: May 12, 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 12, 2026 close
PLTR Theta Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short Strangle
Invalidation: Break above $140 resistance or below $120 support
Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 5.8% from MP; +1 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV 66% vs VIX 18: rich premium for sellers
Favorable?
Yes

Term structure: Front-end elevated; mild backwardation 2d; then flat to contango after 2 weeks

💰IV elevated vs VIX; premium rich for selling
⚠️Negative dealer gamma (-$70M) amplifies spot moves; pin risk high
📈Spot 5.8% below max pain ($138); potential drift upward

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-70.0M)

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 31,053 (7.7% below spot)

OI concentrations: Max pain pins: $138, $137, $137; call OI wall $140-$155; put floor $110-$120

Verdict: Elevated pin risk due to negative dealer gamma and spot below max pain; potential drift to $138 by expiry

Premium Opportunities

#1
Iron condor
Sell 2026-06-18 $125.00/$120.00 put wing and $135.00/$140.00 call wing
Sell put and call wings around expected range, profiting from IV contraction and time decay.
Credit: $3.10-$3.79
Max loss: $1.21
BE: 121.21 / 138.79
Mgmt: Close at 50% max profit or adjust wings if spot breaches $125/$135.
#2
Covered call
Buy shares + sell 2026-06-18 $140.00 call
Buy stock and sell out-of-the-money call to collect premium.
Credit: $4.14-$5.06
Max loss: Stock downside to $0 less call premium
BE: $124.99
Mgmt: Roll call if threatened; hold shares through earnings if desired.
#3
Call calendar
Sell 2026-06-12 $140.00 call / buy 2026-07-17 $140.00 call
Sell short-term call and buy later expiry to capture time decay differential.
Debit: $2.97-$3.63
Max loss: $3.63
BE: Path-dependent
Mgmt: Monitor IV changes; roll if front-end IV spikes.

Risk Alerts

!Large negative dealer gamma (-$70M) increases sensitivity to spot moves
!Spot 5.8% below max pain ($138); potential rally toward pin
!Front-end IV spike near 2d expiry; watch for IV crush
How to Use These Reports
This theta reflects the market close on May 13, 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.