PLTR Options Flow — May 16 Expiry

Current Price: $130.18

Top Call Volumes:
• $135C – 40.6K
• $130C – 40.1K
• $133C – 18.5K

Top Put Volumes:
• $125P – 22.9K
• $130P – 14.3K
• $120P – 13.8K

Flow Takeaways:
• Heavy call volume at $130–135 → bulls targeting breakout
• Puts mainly at $125–130 → hedging but not dominant
• Notional value (chart): call buyers outweigh put buyers, especially around $130

Trade Ideas:
• Bullish: Buy $130C or $130C/$135C call spread
• Bearish only if price breaks below $129 with momentum
• Neutral: Iron condor using $125P/$135C wings

Looks like the whales want $135. If $130 holds, bulls got this.

Source: oqliv.com