PLTR – Eyeing a Short-Term Push Into the 185–190 Zone

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Description

Been tracking PLTR’s short-term setup and the options flow is starting to paint a pretty clean picture.

Most of the call interest for this week is stacked between $185–$195, with the heaviest concentration around $185–$190 — basically forming a near-term “gamma magnet.” Dealers tend to hedge long when price trades into that zone, which usually supports upside momentum rather than capping it.

Short interest sits around 2.3% of float, and the cost to borrow has stayed soft. That’s not a squeeze setup, but it’s enough to say there isn’t a heavy wall of short pressure right now. Meanwhile, the bid/ask ratios on the 195–200 calls are rising above 55–60%, showing traders are rolling exposure higher rather than closing out.

In short — we’re seeing a healthy rotation of call volume upward while the lower strikes (180–182.5) stay firm. That’s constructive for a potential 3–5 day continuation move.

My Plan:

Watching for a hold above $181–182 to stay in the bullish zone

If PLTR clears $185 with volume, expecting momentum to build toward $188–$190

Planning to take partials there — could stretch to $192 if the OI at 195–200 keeps growing

Cut below $179.50 if it loses call wall support

This isn’t a “rip your face off” squeeze setup — it’s more of a steady gamma-fueled drift higher while dealers stay long hedged.

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