PLTR Options
Palantir Technologies Inc. Options Chain, Implied Volatility & Greeks
Comprehensive options market data for Palantir Technologies Inc. (PLTR). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics for the data analytics and AI company.
PLTR Options at a Glance
What's Covered in This Guide
1 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
Key Dates
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.
2 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.
Liquidity Assessment: Excellent
PLTR options have excellent liquidity driven by high retail interest. Tight spreads and deep open interest across strikes.
3 PLTR Volatility Profile
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.
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.
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.
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.
4 Common PLTR Options Strategies
These are strategies commonly used by traders on PLTR options, based on typical market characteristics. This is not investment advice.
Popular among PLTR's loyal shareholder base. Premiums are rich but assignment risk is significant during rallies.
Used for earnings and AI announcement plays. Defined risk is important given PLTR's volatility.
Popular for accumulating shares at lower prices. The dedicated shareholder base provides some downside support.
Wide wings needed. Used during consolidation periods between major catalysts.
Popular for long-term AI exposure. PLTR's loyal following makes LEAPS attractive for believers in the AI thesis.
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
Frequently Asked Questions: 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.
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