thetaOwl
HomeOptionsPLTRReports

PLTR

Palantir Technologies Inc.Close $127.99EOD only
Max Pain
$130.00
Next expiry Jun 18, 2026
Expected Move
±$6.35
5.0% from close
Price Gap
+2.01
Distance to max pain
IV Rank
100
High premium
P/C OI
0.89
Slightly call-heavy
Consensus
6.0/10
Bearish tilt
Published snapshot: Jun 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
Jun 12, 2026 close
PLTR Theta Report
Analysis based on market close June 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short put spreads in back months
Invalidation: Spot closes below $125 support
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.6% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV elevated relative to VIX
Favorable?
Yes

Term structure: Front-month IV extremely high with call skew; term structure backwardated, favorable for selling premium in back months.

⚠️Front-month extreme IV skew (calls 188, puts 142) signals event risk; avoid naked short calls.
📈Dealer GEX +$22.8M suggests delta hedging support, pinning likely.
💰VIX at 16, IV at 70, rich premium environment.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+22.8M)

Gamma flip: ~$120.00 — Approx — based on put OI concentration of 25,631 (10.9% below spot)

OI concentrations: Call OI concentrated above $150; put OI heavy $120-$125; max pain $130, $137, $140.

Verdict: Moderate pin risk; spot above max pain but within EM guardrails; gamma flip at $120 provides downside support.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $130.00/$125.00 put spread
Sell July 17 $130 put, buy $125 put; net credit ~1.93; max gain 1.93, max loss 3.07.
Credit: $1.58-$1.93
Max loss: $3.07
BE: $128.07
Mgmt: Exit if spot breaks below $130; manage before June 18 IV crush.
#2
Cash-secured put
Sell 2026-07-10 $125.00 cash-secured put
Sell July 10 $125 put; collect ~2.88 credit; requires margin for assignment.
Credit: $2.36-$2.88
Max loss: $122.12
BE: $122.12
Mgmt: Roll if spot nears $130; assignment risk at $125.
#3
Covered call
Buy shares + sell 2026-08-21 $140.00 call
Buy PLTR shares, sell Aug 21 $140 call; net premium ~12.04; caps upside above $140.
Credit: $9.86-$12.04
Max loss: Stock downside to $0 less call premium
BE: $122.67
Mgmt: Close if stock drops below $130; roll call if near expiry.

Risk Alerts

!Front-month expiry risk due to extreme IV skew.
!Potential IV crush after June 18 expiration.
How to Use These Reports
This theta reflects the market close on June 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.