Mar. 22 at 10:09 PM
$PLTR
Recap: Quad Witching delivered as expected 🧙♂️
The massive Call wall >
$150 took its toll on Friday. Most expired worthless as price pinned exactly around that level. Massive 8M share MOC (Market on Close) print shows heavy institutional rebalancing for OpEx.
The Setup:
🔹 Options: Friday's
$150+ Calls expired worthless. New Call concentration for 3/27 shifting lower toward
$145.
🔹 Flow: Seeing institutional outflow with large sell orders. Shorts likely selling covered calls to fund borrow fees.
🔹 Techs: RSI cooling off. Gamma support below
$150 is thin.
The Target 🎯
Primary target for next week: 20MA / Middle Bollinger Band in the
$143-
$145 range.
Watching for a test of that level and stabilization in Large Scale Orders to flip bullish again. Until then, Mean Reversion is the name of the game. 📉📈
#Palantir #Trading #Options #Gamma #TechnicalAnalysis
