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PLTR Implied Volatility, IV Rank & Options Chain

Palantir Technologies Inc. (PLTR) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Palantir Technologies Inc.

Updated Reference data

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On this page
  1. Key facts
  2. Company overview
  3. Options market
  4. Volatility profile
  5. GEX analysis
  6. Common strategies
  7. FAQ

PLTR options trade with implied volatility typically in the 35% - 80% range, averaging 800K+ contracts in daily volume with excellent liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

PLTR implied volatility

As of 2026-10-26

As of 2026-10-26, PLTR's 30-day implied volatility is 64.5%, placing its 1-year IV percentile at 62.0 — above 62.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.

64.5%30-day IV
62.01-year IV rank

PLTR live chain, Greeks and GEX

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Every figure above is reference data. The live PLTR chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.

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PLTR options at a glance

Daily volume
800K+ contracts
IV range
35% - 80%
Bid-ask spread
$0.01 - $0.03 ATM
Expirations
Weekly, monthly, LEAPS
Open interest
8M+ contracts
Next earnings
See earnings calendar
800K+ contractsDaily Volume
8M+Open Interest
$0.01-0.03ATM Spread
35-80%IV Range
AvailableWeeklies
AvailableLEAPS

About Palantir Technologies Inc. (PLTR)

Palantir Technologies builds software platforms for data integration, analysis, and operational use. The company serves both government clients (Gotham) and commercial enterprises (Foundry). Palantir has positioned itself as an AI company with its Artificial Intelligence Platform (AIP).

Company profile

Sector
Technology
Industry
Software - Infrastructure
Market cap
$150B+
Exchange
NASDAQ

Key dates

Next earnings
See earnings calendar
Earnings frequency
Quarterly
Dividend schedule
None
Fiscal year end
December

Palantir is a leading data analytics platform with strong government relationships and growing commercial business. The company's AI positioning has driven significant investor interest.

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PLTR options market overview

PLTR options are highly liquid with massive retail participation. The stock's loyal shareholder base and AI narrative create active options markets.

Average daily volume
800K+ contracts
Total open interest
8M+ contracts
Put/call ratio
0.50 - 0.75 typical
Typical ATM spread
$0.01 - $0.03 ATM
Weekly options
Available
LEAPS available
Yes

Liquidity assessment: Excellent

PLTR options have excellent liquidity driven by high retail interest. Tight spreads and deep open interest across strikes.

PLTR implied volatility and IV rank

Palantir implied volatility is elevated due to the stock's growth profile, valuation debates, and AI narrative. The stock has a dedicated following that creates unique price dynamics.

35% - 45%Low IV, below average
45% - 60%Typical, normal conditions
60% - 80%Elevated, above average

Earnings impact

IV rises before earnings. Revenue growth, AIP adoption, and government contract wins are key metrics. Moves of 10-15% post-earnings are common.

The move options are pricing for the next report, and how the last 12 went: PLTR earnings expected move.

The post-earnings volatility drop is known as IV crush. Holders of short PLTR options should also understand early assignment risk around dividends and expiration.

Historical volatility vs IV

PLTR IV tends to trade at a premium given the stock's volatility and speculative interest.

Term structure

Often inverted around earnings. The dedicated retail following can create unusual options dynamics.

The smile, the term structure and the cone for PLTR, on today's chain.

Open PLTR in IV Intelligence

PLTR gamma exposure (GEX)

Gamma Exposure (GEX) analysis for PLTR shows significant retail-driven positioning that can influence price behavior.

  • Typical GEX profile. PLTR gamma exposure is substantial given high options volume. Retail-heavy positioning can create concentrated strikes.
  • Key levels. Major strikes form at $5 increments. Round numbers often have significant retail open interest.
  • Dealer hedging. PLTR dealer hedging can amplify moves, particularly when retail positioning is concentrated.

Where the gamma sits on PLTR right now, strike by strike.

See live PLTR GEX

Common PLTR options strategies

These are strategies commonly used by traders on PLTR options, based on typical market characteristics. This is not investment advice.

Key considerations for PLTR options

  • AI Platform (AIP) adoption is the current primary growth driver and narrative
  • Government vs commercial revenue mix is closely watched - commercial growth is key
  • The stock has a dedicated retail following that creates unique price dynamics
  • No dividend means no early assignment risk from dividends
  • Valuation debates create ongoing volatility - bulls and bears are vocal
  • Insider selling has been a concern but has moderated over time

PLTR key events

Earnings months. February, May, August, November

  • AIPCon Events (variable)
  • Government Contract Announcements
  • Analyst Days
  • AI Product Launches

PLTR options data by API, or in Claude

Every number on this page is one request away. The implied volatility API returns PLTR's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.

GET /api/mcp/data/iv-rank/PLTRBearer token, JSON back
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
     "https://apexvol.com/api/mcp/data/iv-rank/PLTR"
In Claudethrough the MCP server
You

What is PLTR's IV rank right now, and where is its gamma flip?

Claude calls get_iv_rank and get_gex

Try GEX on PLTR in the console, more prompts for PLTR, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.

Written by
ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use.
Reviewed by
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.

Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →

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Questions

Frequently asked
about PLTR options.

How liquid are PLTR options?

PLTR options have excellent liquidity with average daily volume exceeding 800,000 contracts. At-the-money options have spreads of $0.01-0.03, and open interest exceeds 8 million contracts.

What is PLTR's typical implied volatility?

PLTR implied volatility typically ranges from 35% to 80%. Normal conditions see IV between 45-60%. IV spikes around earnings and AI-related announcements.

What is Palantir's AIP platform?

AIP (Artificial Intelligence Platform) is Palantir's AI offering that allows customers to deploy AI and large language models on their data. AIP adoption is a key growth driver and the primary investment thesis.

When does Palantir report earnings?

Palantir reports quarterly earnings in February, May, August, and November. Key metrics include revenue growth, commercial customer count, and AIP adoption rates.

Does PLTR pay dividends?

No, Palantir does not pay dividends. The company is in growth mode. This simplifies options strategies as there's no dividend-related assignment risk.

What is PLTR's government vs commercial mix?

Palantir historically derived most revenue from government contracts, but commercial business is growing faster. Investors watch the commercial percentage closely as it represents scalable growth.

Why is PLTR popular with retail traders?

PLTR has developed a loyal retail following due to its AI narrative, founder Peter Thiel's reputation, and the stock's volatility. This creates unique options market dynamics with concentrated retail positioning.

Are LEAPS available for PLTR?

Yes, PLTR LEAPS are available with expirations extending 2+ years. They're popular among long-term believers in Palantir's AI thesis.

What is PLTR's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence PLTR's intraday price action. PLTR gamma exposure is substantial given high options volume. Retail-heavy positioning can create concentrated strikes. PLTR dealer hedging can amplify moves, particularly when retail positioning is concentrated. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live PLTR GEX levels and the gamma-flip point on ApexVol.

What is PLTR's IV rank?

PLTR's IV rank shows where PLTR's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. PLTR implied volatility typically ranges from 35% - 80%. Check PLTR's live IV rank and percentile on ApexVol's IV analytics.

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