PLTR Earnings Options Analysis: Strong SupportsCurrent Price Level: NYSE:PLTR is currently trading around 23.79 USD.
Options Data:
IVRank: 95.8, indicating that the current implied volatility is at the 95.8th percentile over the past 52 weeks.
IV% 5d Change: 16%, showing a significant increase in implied volatility over the past 5 days.
Exp. move at 46 DTE: 4.6% for options expiring in 46 days.
Price Skew: 31.8%, indicating the difference between the bid and ask prices of options.
Market participants overpriced call options by 31.8% for the September expiration, indicating bullish sentiment despite the significant panic in the markets today.
Support Level: There is strong support below the 4/8 level, which is crucial for put options.
The green line represents the strike price expected by the market based on the options chain for 46 days to expiration (46 DTE), around 18 USD.
The Delta 16 PUT level is below the 4/8 Murrey Math level, indicating strong support based on the status of the current optionchain.