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PLTR

Palantir Technologies Inc.Close $188.75EOD only
Max Pain
$187.50
Next expiry Oct 9, 2026
Expected Move
±$8.12
4.3% from close
Price Gap
-1.25
Distance to max pain
IV Rank
15
Low premium
P/C OI
1.07
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: Oct 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
Oct 2, 2026 close
PLTR Theta Report
Analysis based on market close May 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 20, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Credit spreads
Invalidation: Spot breaks gamma flip at $120 or surges above $155
Confidence:
6 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
IV (60%) >> VIX (17.4), elevated single-stock premium
Favorable?
Yes

Term structure: General contango, but 2d spike in put skew (103% vs 55% call)

⚠️2d put IV 103% signals extreme hedging cost
📌Max pain $134-$135 drives pin action near expiry

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+92.3M)

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 31,672 (12.5% below spot)

OI concentrations: Call wall $150-$155 (21k OI), put floor $110-$130 (31.6k OI at $120)

Verdict: Pinning expected near $134-$135 due to max pain OI clusters

Premium Opportunities

#1
Iron condor
Sell 2026-06-18 $135.00/$130.00 put wing and $140.00/$145.00 call wing
Sells OTM puts and calls around max pain.
Credit: $3.51-$4.29
Max loss: $0.71
BE: 130.71 / 144.29
Mgmt: Exit at 50% max gain or adjust if spot nears short strikes.
#2
Put credit spread
Sell 2026-06-18 $135.00/$130.00 put spread
Sells $135/$130 put spread, benefits if stock stays above $134.
Credit: $1.80-$2.20
Max loss: $2.80
BE: $132.80
Mgmt: Stop loss if spot breaches $134.

Risk Alerts

!Expiration pin risk: spot near max pain $134, large gamma exposure
!Elevated put skew indicates downside hedging pressure
!High IV with pinning regime may lead to sharp moves post-expiry
How to Use These Reports
This theta reflects the market close on May 20, 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.