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PLTR

Palantir Technologies Inc.Close $135.26EOD only
Max Pain
$133.00
Next expiry May 22, 2026
Expected Move
±$5.53
4.1% from close
Price Gap
-2.26
Distance to max pain
IV Rank
0
Low premium
P/C OI
1.00
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: May 19, 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 19, 2026 close
PLTR Theta Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 15, 2026. A newer theta report is available for May 19, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Theta harvesting
Invalidation: Sustained move below $130 or above $145
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.7% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV (avg 65%) significantly higher than VIX (18.4), favorable for premium selling.
Favorable?
Yes

Term structure: Front-week IV collapsed to 7% on 0DTE, but back-month IV elevated (~55%); indicates short-term pinning.

📊IV/VIV spread: +47% premium over realized vol
⚠️0DTE IV crush to 7% suggests extreme pinning, beware early expiration
🔄Term structure steep: front vs back spread 38%, opportunities in later weeks

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+8.6M)

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 31,439 (10.4% below spot)

OI concentrations: Max pain $135; support $130; resistance $135. Large OI at $135 calls and $110-$125 puts.

Verdict: High pin risk at $135 due to max pain and heavy OI; spot near $135.

Premium Opportunities

#1
Iron condor
Sell 2026-06-18 $125.00/$115.00 put wing and $145.00/$160.00 call wing
Sell put spread 125/115 and call spread 145/160, captures theta in high IV.
Credit: $4.19-$5.12
Max loss: $9.88
BE: 119.88 / 150.12
Mgmt: Close at 50% max gain or adjust if break invalidation.
#2
Put credit spread
Sell 2026-06-18 $125.00/$115.00 put spread
Sell 125/115 put spread, benefits from IV premium and theta decay.
Credit: $1.98-$2.43
Max loss: $7.57
BE: $122.57
Mgmt: Exit if spot below 130; take profit at 50% max gain.

Risk Alerts

!Early expiration (0DTE) has minimal premium; avoid selling the front week.
!Gamma flip at $120; a break below could accelerate selling.
!Call wall at $150-$155 provides ceiling, but bullish flow may test.
How to Use These Reports
This theta reflects the market close on May 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.