PLTR Options History — September 2025

In September 2025, PLTR traded between $153.18 and $183.12. ATM implied volatility averaged 49.7%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 11.6% (HV 20d: 38.1%). Max pain ranged from $130.00 to $155.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.68.

Notable Days

2025-09-05: Highest Volume — 1,351,471 contracts
2025-09-26: Largest IV drop — 4.9% change
2025-09-23: Highest IV Rank — 18.4%
2025-09-25: Largest Expected Move — 15.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$169.90	$153.18	$183.12	$157.22	$181.74
Max Pain	$149.29	$130.00	$155.00	$130.00	$155.00
ATM IV	49.7%	47.0%	52.5%	51.1%	51.0%
Expected Move	14.3%	13.6%	15.1%	14.8%	14.5%
HV 20d	38.1%	26.6%	51.1%	51.1%	33.7%
HV 60d	40.1%	39.3%	41.5%	41.1%	39.3%
IV Rank	14.5%	10.9%	18.4%	16.5%	14.7%
IV Percentile	15.7%	10.7%	22.6%	19.4%	18.7%
Term Structure	1.4%	-0.4%	12.9%	0.2%	11.7%
VWIV	51.4%	49.5%	54.0%	53.3%	52.5%
Skew 25d	2.5%	-0.3%	5.9%	5.3%	3.6%
Skew 10d	7.7%	1.7%	12.7%	11.1%	9.9%
Call IV 25d	49.6%	47.1%	53.0%	49.7%	50.4%
Put IV 25d	52.1%	48.7%	54.9%	54.9%	54.0%
Bid-Ask Spread %	3.89	1.48	10.33	2.71	2.23
Gamma HHI	0.08	0.06	0.17	0.07	0.08
Net GEX	218.9M	-25.0M	491.9M	116.1M	254.5M
Net DEX	-15.67B	-23.11B	-10.19B	-11.92B	-17.03B
Net VEX	-59.2M	-62.0M	-57.0M	-58.3M	-61.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.68	0.40	1.05	1.05	0.59
Total Volume	753,114.143	291,562	1,351,471	643,433	422,594
Total OI	3,693,351.333	3,257,528	4,043,960	3,603,177	3,365,109

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-09-02	$157.22	$130.00	51.1%	14.8%	51.1%	16.5%	53.3%	5.3%	0.2%	116.1M	-11.92B	-58.3M	1.05	2.71	N/A	N/A	313,515	329,918	1,832,656	1,770,521
2025-09-03	$154.71	$130.00	50.4%	14.4%	43.8%	15.6%	51.2%	5.9%	0.2%	54.0M	-10.84B	-57.6M	0.87	2.41	N/A	N/A	382,571	333,750	1,908,595	1,832,976
2025-09-04	$155.65	$150.00	49.0%	14.2%	41.9%	13.7%	51.2%	4.0%	0.1%	72.7M	-11.22B	-57.3M	0.87	2.65	N/A	N/A	333,530	289,270	1,941,034	1,870,384
2025-09-05	$153.18	$150.00	49.0%	14.2%	40.9%	13.7%	51.7%	3.8%	0.3%	-25.0M	-10.19B	-57.4M	0.78	3.41	N/A	N/A	759,174	592,297	1,965,498	1,909,003
2025-09-08	$156.42	$150.00	47.9%	13.9%	39.4%	12.2%	50.0%	3.1%	0.6%	114.7M	-11.95B	-57.0M	0.77	2.18	N/A	N/A	290,126	223,793	1,840,435	1,803,377
2025-09-09	$161.56	$150.00	48.0%	13.9%	41.7%	12.2%	50.2%	2.7%	0.7%	198.8M	-14.22B	-58.6M	0.62	3.28	N/A	N/A	514,195	318,437	1,901,016	1,850,984
2025-09-10	$166.32	$150.00	47.9%	13.9%	42.6%	12.2%	49.7%	1.5%	0.7%	333.5M	-16.71B	-58.8M	0.51	4.40	N/A	N/A	662,722	335,434	1,984,795	1,901,789
2025-09-11	$164.92	$150.00	47.0%	13.6%	42.6%	10.9%	49.5%	1.7%	0.7%	291.7M	-15.51B	-59.4M	0.72	3.12	N/A	N/A	282,070	203,593	2,029,863	1,932,469
2025-09-12	$171.17	$150.00	48.3%	13.9%	45.0%	12.6%	50.3%	-0.3%	0.4%	427.6M	-19.18B	-58.9M	0.61	3.37	N/A	N/A	648,940	396,914	2,060,309	1,951,109
2025-09-15	$170.91	$150.00	49.4%	14.2%	44.3%	14.2%	50.8%	0.1%	-0.4%	241.8M	-17.03B	-58.4M	0.58	3.06	N/A	N/A	334,014	195,159	1,906,474	1,819,181
2025-09-16	$170.32	$150.00	49.4%	14.2%	43.8%	14.2%	51.4%	1.0%	0.1%	240.9M	-16.66B	-59.0M	0.72	2.80	N/A	N/A	169,126	122,436	1,948,701	1,856,416
2025-09-17	$168.94	$150.00	49.3%	14.1%	26.6%	14.0%	51.2%	2.1%	-0.3%	225.9M	-16.13B	-58.2M	0.76	5.98	N/A	N/A	437,011	334,023	1,969,390	1,880,103
2025-09-18	$176.56	$150.00	49.8%	14.3%	29.6%	14.7%	51.4%	1.1%	-0.2%	413.5M	-20.16B	-58.6M	0.51	4.33	N/A	N/A	746,594	380,005	2,018,296	1,928,248
2025-09-19	$183.12	$150.00	48.8%	14.0%	31.5%	13.3%	50.2%	0.6%	0.1%	491.9M	-23.11B	-58.6M	0.57	3.93	N/A	N/A	860,741	486,668	2,052,188	1,991,772
2025-09-22	$178.84	$150.00	50.1%	14.4%	33.4%	15.2%	51.7%	2.1%	0.3%	212.8M	-16.45B	-59.7M	0.86	1.48	N/A	N/A	299,461	258,344	1,704,124	1,553,404
2025-09-23	$181.85	$150.00	52.5%	15.1%	33.5%	18.4%	54.0%	1.6%	0.1%	241.7M	-17.50B	-61.6M	0.40	10.33	N/A	N/A	605,761	239,693	1,752,287	1,633,926
2025-09-24	$178.30	$155.00	52.1%	15.0%	34.6%	17.9%	53.4%	2.8%	0.4%	196.0M	-15.87B	-62.0M	0.67	6.21	N/A	N/A	311,016	209,761	1,797,548	1,672,005
2025-09-25	$180.19	$155.00	52.4%	15.1%	32.8%	18.3%	53.9%	3.0%	0.2%	248.6M	-16.56B	-61.5M	0.65	5.08	N/A	N/A	554,468	358,941	1,821,098	1,712,193
2025-09-26	$177.48	$155.00	49.8%	14.0%	33.7%	14.7%	50.1%	2.9%	0.8%	53.9M	-15.23B	-61.1M	0.49	4.36	N/A	N/A	599,782	292,269	1,853,245	1,744,428
2025-09-29	$178.51	$155.00	49.9%	14.1%	33.5%	14.9%	50.9%	3.0%	12.9%	192.4M	-15.67B	-60.6M	0.62	4.37	N/A	N/A	238,997	148,284	1,687,126	1,606,303
2025-09-30	$181.74	$155.00	51.0%	14.5%	33.7%	14.7%	52.5%	3.6%	11.7%	254.5M	-17.03B	-61.1M	0.59	2.23	N/A	N/A	265,057	157,537	1,728,492	1,636,617