PLTR Poised for Gamma Squeeze? Here's the Key Setup-July 10📈 GEX Options Sentiment & Trade Strategy
Palantir (PLTR) is pressing into a high-compression zone on the Gamma Exposure (GEX) chart, where multiple call walls cluster between 143 → 146, with the strongest net positive GEX wall at 146, acting as the gamma squeeze ceiling. The 3rd call wall sits at ~145, and momentum is building with IVR 40.6, IVx avg 61.3, and a strong 40.8% bullish call-dollar dominance, signaling sustained call flow.
Crucially, there’s minimal put protection above current price, with most put walls far below at 130, 127, and a weak HVL at 133. This imbalance opens room for a potential gamma push toward 145–146, especially if the 143.17 intraday high breaks with volume.
💡 Options Trade Ideas:
* Bullish Setup:
145C (0DTE or 7/12 expiry) if price confirms over 143.50, targeting the 145–146 zone.
Ideal for a short squeeze continuation with trailing stops.
* Hedge/Defensive PUT:
135P if price rejects sharply at 143.50 and loses 140.5 support—risk-managed fade toward HVL at 134.
🔍 1H Chart Technical Outlook
PLTR is moving inside a rising wedge channel, maintaining a strong bullish market structure with back-to-back CHoCH → BOS confirming bullish intent. Price is consolidating under the supply zone near 143–144, coiled for a breakout attempt. The trendline holds firm, and volume is beginning to expand with each retest.
If price breaks and holds above 143.20, bulls can target 146, and even higher toward the channel resistance near 148.21. However, caution: a false breakout here could trap late bulls, so monitor for retest confirmation before chasing.
Support to watch sits at:
* 139.70 / 139.30 – minor support zone
* 137.40 – EMA + trendline confluence
* 134.52 / 133.00 – critical HVL and invalidation zone
✅ Summary & Trade Plan
* Bias: Bullish with gamma momentum, but nearing exhaustion zone
* Breakout Trigger: Above 143.20 → ride the gamma zone to 145–146
* Key Support: 139.70 / 137.40 (hold = healthy trend)
* Invalidation: Break below 134 = game over for bulls short-term
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.
