PLTR options strategies, priced on the real chain
$123.06Palantir Technologies Inc. Class A Common Stock · chain snapshot captured Aug 1, 2026
The retail wheel favorite: a mid-priced stock with high IV, weekly expirations, and enough open interest that cash-secured puts fill near mid. High IV is not free money here — the drawdowns are as big as the premium implies.
Every page below prices its structure against the August 28, 2026 expiry — 70% at-the-money implied vol, #4 of the 20 underlyings on this site. What moves PLTR: earnings, government contract announcements, and index-inclusion flows.
10 strategies on PLTR
One contract (or one 100-share lot) per structure, at-the-money template strikes on the August 28, 2026expiry. Breakevens and probability of profit come from OptionTracker’s engine.
Start here
- PLTR covered callSell upside on shares you already own and get paid for the cap. · breakeven $118.96 (−3.3%)
- PLTR cash-secured putGet paid to place a limit order below the market. · breakeven $108.85 (−11.5%)
- PLTR iron condorSell a range, buy the wings, collect if the stock stays put. · breakeven $103.51 (−15.9%)
- PLTR bull call spreadBuy a call, sell a higher one — cheaper upside with a ceiling. · breakeven $128.44 (+4.4%)
- PLTR bull put spreadSell a put spread below the market: credit now, defined risk. · breakeven $111.22 (−9.6%)
- PLTR long straddleBuy the call and the put — pay for a move in either direction. · breakeven $104.11 (−15.4%)
Related reading
- The wheel strategy, with real numbersEveryone can recite the four steps. Almost nobody can tell you what a completed cycle returned on the capital it tied up. Here is one, priced off a real chain and folded by the same engine that runs our tracker.
- What a cash-secured put actually paysThe annualized-return column is the one everybody screenshots. It is also the one that tells you least. Here is the whole ladder — return, probability, breakeven, and the loss that takes six winners to repair.
- Covered calls on shares you already ownThe covered-call math you find online divides premium by cost basis. If you bought the stock years ago, that number is a fantasy — and it will talk you into selling a strike you should never have touched.