PLTRPalantir Technologies Inc. Class A Common Stock
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $338.4B|NASDAQ
● 2026-04-30$137.97
NEUTRAL
Analysis: 2026-04-29 EOD data
1Y +16.5%YTD -17.8%7D -2.5%
Options Vol
485,128
30D
Implied Move
±18.6%
IV Rank
52%
PLTR Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 90.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.13x — IV premium over HV
Sector Relative≤50%
Sector percentile 70% — above sector median
Term Structure
<1.1xFront/Back 1.31x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 63.3% — normal range
Spread-Adjusted Value
<80%Effective IV 68.7% (ATM 63.3% + spread 2.7% + bias) — fair
Execution Efficiency
<3.0%Total drag 4.64% (spread 2.70% + slippage 1.94%) — high friction
Vega Efficiency
≥5.0Vega efficiency 148.98 (vega 40.223 / spread 2.70%) — efficient
Sentiment
Bullish or bearish?
5.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Very weak signal (Conviction: -6%, Raw: -9%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -6% (neutral) — Raw: -9%
OI Skew Magnitude
≥15%|OI skew| 3.4% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +14.2%, OI skew -3.4% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 56%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -8%, ATM: +2%, OTM: -13% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 55% — bearish vs sector
Activity
Unusual activity?
4.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 13.3% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change -0.5% (5d) — stable
Sector Relative≥60%
Sector activity percentile 76% — active vs sector
Trade Quality
≥30%Large trade volume 33% — institutional presence
Execution Urgency
≥60%Aggressive execution 53% — patient
Flow Conviction
≥30Conviction -6 (bearish) — mixed
Liquidity
Can I trade efficiently?
7.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 2.7% — acceptable
Adequate OI
≥10,000OI 3,638,277 — deep
Active Volume
≥500Volume 485,128/day — active
Reasonable Cost
≤$0.50$0.14 to cross — cheap
Strike Coverage
≥5 strikes4 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 71% — wider than sector
Order Book Depth
≥100 contractsDepth 218.9 contracts (bid:107.4 ask:111.5) — adequate
Execution Quality
<1.0%Avg slippage 1.94% — fair
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +30.9% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 91% — seller opportunity
Event Detection
≥10pts kinkIV kink 14.8pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 660.48 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 4d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -6% @ 53% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 63 (ITM 20% + inst 33%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.4
bullishIV fair, mixed flow
Long Puts5.3
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put6.2
bullishIV fair, mixed flow
Covered Call6.1
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.