PLTR Options History — December 2025

In December 2025, PLTR traded between $167.52 and $194.34. ATM implied volatility averaged 44.9%, placing in the 2.0% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 1.6% (HV 20d: 46.5%). Max pain ranged from $85.00 to $170.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.67.

Notable Days

2025-12-19: Highest Volume — 1,067,687 contracts
2025-12-17: Largest IV spike — 10.0% change
2025-12-17: Highest IV Rank — 7.4%
2025-12-01: Largest Expected Move — 14.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$183.63	$167.52	$194.34	$167.52	$177.74
Max Pain	$99.66	$85.00	$170.00	$170.00	$95.00
ATM IV	44.9%	40.5%	49.9%	48.6%	41.6%
Expected Move	13.1%	11.5%	14.9%	14.9%	11.6%
HV 20d	46.5%	36.2%	66.9%	66.9%	41.0%
HV 60d	50.3%	48.9%	51.6%	50.4%	49.6%
IV Rank	2.0%	0.0%	7.4%	5.4%	1.6%
IV Percentile	2.9%	0.0%	16.7%	6.7%	1.2%
Term Structure	2.2%	-0.5%	11.4%	1.9%	11.4%
VWIV	47.0%	40.7%	52.8%	52.8%	41.2%
Skew 25d	4.8%	3.3%	6.8%	6.0%	4.1%
Skew 10d	10.8%	8.0%	14.9%	10.7%	9.3%
Call IV 25d	43.2%	39.0%	47.8%	46.4%	40.6%
Put IV 25d	48.0%	42.9%	54.6%	52.3%	44.7%
Bid-Ask Spread %	10.49	4.18	19.32	7.24	12.55
Gamma HHI	0.10	0.05	0.21	0.05	0.05
Net GEX	278.7M	10.3M	695.9M	99.8M	10.3M
Net DEX	-15.92B	-22.46B	-10.64B	-10.64B	-11.86B
Net VEX	-66.2M	-68.3M	-62.1M	-66.7M	-62.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.43	1.04	0.69	0.83
Total Volume	522,648.773	192,483	1,067,687	335,982	402,777
Total OI	3,623,833.818	3,390,805	3,921,247	3,470,713	3,513,040

Daily Data (22 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
2025-12-01	$167.52	$170.00	48.6%	14.9%	66.9%	5.4%	52.8%	6.0%	1.9%	99.8M	-10.64B	-66.7M	0.69	7.24	N/A	N/A	199,091	136,891	1,767,547	1,703,166
2025-12-02	$170.63	$170.00	48.5%	14.8%	66.2%	5.2%	51.8%	5.5%	1.4%	178.5M	-11.90B	-67.3M	0.70	5.13	N/A	N/A	304,428	211,843	1,828,818	1,728,403
2025-12-03	$175.54	$170.00	47.3%	14.4%	59.9%	3.4%	51.1%	5.0%	0.7%	284.6M	-14.01B	-67.6M	0.72	4.18	N/A	N/A	209,445	150,556	1,861,586	1,757,020
2025-12-04	$177.43	$85.00	47.3%	14.2%	60.1%	3.4%	50.1%	5.1%	1.5%	364.1M	-14.92B	-68.3M	0.53	8.84	N/A	N/A	297,580	156,493	1,902,526	1,787,734
2025-12-05	$181.80	$85.00	45.2%	13.6%	55.8%	0.3%	48.7%	4.3%	1.6%	441.9M	-17.15B	-68.0M	0.61	11.97	N/A	N/A	363,861	222,457	1,940,431	1,819,064
2025-12-08	$180.55	$85.00	48.1%	14.2%	55.6%	4.7%	51.1%	5.2%	1.1%	249.9M	-15.33B	-66.0M	0.83	9.88	N/A	N/A	183,597	152,666	1,825,393	1,717,854
2025-12-09	$181.74	$85.00	46.9%	13.8%	46.4%	2.8%	50.0%	4.8%	0.9%	284.1M	-15.63B	-66.6M	1.04	6.90	N/A	N/A	109,181	113,508	1,864,001	1,761,007
2025-12-10	$188.63	$85.00	45.0%	13.3%	48.5%	0.0%	47.9%	4.8%	1.6%	398.6M	-18.87B	-66.5M	0.70	11.02	N/A	N/A	457,051	319,982	1,874,925	1,773,146
2025-12-11	$187.21	$85.00	45.0%	13.2%	45.4%	0.0%	47.8%	4.8%	1.2%	394.7M	-17.80B	-67.6M	0.49	9.66	N/A	N/A	459,200	224,535	1,885,189	1,826,984
2025-12-12	$183.38	$85.00	45.3%	13.2%	39.9%	0.5%	48.0%	5.7%	1.1%	277.3M	-15.59B	-67.1M	0.69	16.82	N/A	N/A	467,520	324,364	1,936,986	1,858,599
2025-12-15	$184.32	$87.50	46.3%	13.3%	39.8%	1.9%	47.9%	5.8%	-0.1%	227.8M	-15.82B	-65.7M	0.68	12.65	N/A	N/A	225,582	153,113	1,838,854	1,761,664
2025-12-16	$187.97	$90.00	45.4%	13.0%	38.6%	0.5%	47.4%	5.3%	-0.3%	332.8M	-17.41B	-66.6M	0.86	12.52	N/A	N/A	256,429	221,768	1,889,589	1,790,662
2025-12-17	$178.00	$90.00	49.9%	14.3%	43.9%	7.4%	51.4%	6.8%	-0.5%	84.0M	-12.98B	-66.9M	0.43	15.15	N/A	N/A	490,613	212,991	1,924,771	1,833,934
2025-12-18	$186.18	$90.00	46.4%	13.3%	45.3%	2.1%	47.4%	5.5%	-0.1%	393.3M	-17.30B	-67.2M	0.60	7.64	N/A	N/A	473,601	286,133	1,981,343	1,845,844
2025-12-19	$194.34	$90.00	43.4%	12.4%	39.6%	0.0%	45.1%	3.9%	0.0%	695.9M	-22.46B	-66.7M	0.60	4.64	N/A	N/A	665,424	402,263	2,013,371	1,907,876
2025-12-22	$193.38	$90.00	42.1%	12.1%	40.0%	0.0%	44.5%	3.3%	1.3%	337.8M	-18.79B	-66.0M	0.66	12.97	N/A	N/A	374,007	247,491	1,744,132	1,667,602
2025-12-23	$194.17	$90.00	41.0%	11.7%	36.4%	0.0%	42.1%	3.8%	1.1%	389.6M	-19.15B	-65.1M	0.57	5.86	N/A	N/A	272,189	154,058	1,816,652	1,696,146
2025-12-24	$194.09	$90.00	40.5%	11.5%	36.2%	0.0%	43.5%	3.9%	1.2%	403.8M	-18.73B	-65.8M	0.68	19.32	N/A	N/A	114,557	77,926	1,851,736	1,745,792
2025-12-26	$189.06	$90.00	40.8%	11.5%	38.2%	0.4%	40.7%	3.8%	1.5%	114.0M	-16.13B	-65.0M	0.56	12.88	N/A	N/A	352,969	196,570	1,869,778	1,759,647
2025-12-29	$184.56	$90.00	41.9%	11.8%	39.7%	2.1%	41.8%	4.0%	9.5%	112.9M	-14.46B	-63.5M	0.60	13.15	N/A	N/A	283,473	170,003	1,731,144	1,659,661
2025-12-30	$181.63	$95.00	41.6%	11.5%	40.4%	1.7%	40.9%	3.9%	10.3%	55.8M	-13.28B	-63.4M	0.69	9.87	N/A	N/A	237,329	162,758	1,760,778	1,699,949
2025-12-31	$177.74	$95.00	41.6%	11.6%	41.0%	1.6%	41.2%	4.1%	11.4%	10.3M	-11.86B	-62.1M	0.83	12.55	N/A	N/A	219,515	183,262	1,788,662	1,724,378