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PLTR

Palantir Technologies Inc.Close $183.09EOD only
Max Pain
$172.50
Next expiry Sep 25, 2026
Expected Move
±$7.80
4.3% from close
Price Gap
-10.59
Distance to max pain
IV Rank
14
Low premium
P/C OI
1.08
Balanced positioning
Consensus
6.5/10
Bullish tilt
Published snapshot: Sep 21, 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
Sep 21, 2026 close
PLTR Theta Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 23, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short Iron Condor
Invalidation: Spot closes below $110 or above $126 (max pain level).
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 7.4% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
Avg IV 66% vs VIX 19.5: elevated relative to index.
Favorable?
Yes

Term structure: Contango across expirations, short-term IV high (51-50%). Skew favors calls near expiry.

⚠️High IV vs VIX opportunity but trending gamma warns of tail risk.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-65.6M)

Gamma flip: ~$110.00 — Approx — based on put OI concentration of 20,557 (5.7% below spot)

OI concentrations: Put OI 20.5K at $100-$110, call wall $140-$155. Max pain $126 (6/26).

Verdict: Elevated pin risk: spot below max pain, put OI heavy.

Premium Opportunities

#1
Iron condor
Sell 2026-07-31 $110.00/$105.00 put wing and $129.00/$136.00 call wing
Sells out-of-the-money put & call wings to profit from low volatility.
Credit: $2.54-$3.11
Max loss: $3.89
BE: 106.89 / 132.11
Mgmt: Close at 50% max profit or adjust if spot nears wings.
#2
Put credit spread
Sell 2026-07-31 $110.00/$105.00 put spread
Sells put spread above max pain to collect premium with limited downside.
Credit: $1.34-$1.64
Max loss: $3.36
BE: $108.36
Mgmt: Exit if spot drops below $110 or at 50% max gain.
#3
Call credit spread
Sell 2026-07-31 $129.00/$136.00 call spread
Sells call spread above max pain to collect premium with capped risk.
Credit: $1.20-$1.47
Max loss: $5.53
BE: $130.47
Mgmt: Close if spot breaches $126 or at 50% max profit.

Risk Alerts

!Trending gamma increases gap risk.
!Spot below support may accelerate selling.
How to Use These Reports
This theta reflects the market close on June 23, 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.