GEX-Based Options Sentiment

GEX-Based Options Sentiment (as of July 7)
* Current Price: $138.69
* Highest Gamma Resistance (Call Wall): $139 → heavy OI + positive NetGEX → magnet + possible rejection
* Next Call Walls:
* $142 (GEX7, 51%)
* $144–146 stacked (GEX8–10) — breakout potential zone if $139 clears
* Put Wall + Support Stack:
* $131 (HVL for 7/11 expiry)
* $128, $127 → deep support zones
* Net GEX Bias: Mildly bullish short-term
* IVR / IVX:
* IVR = 38.5 (low)
* IVX = 64.7 avg
* Flow Tilt: 40.4% CALLs → Balanced, but leaning risk-on
📌 Option Trade Thoughts:
If PLTR clears and holds above $139, expect potential squeeze toward $142–$144 zone. Good setup for short-dated directional calls (0DTE or 2DTE) targeting $140–$142 with tight stops.
Below $135.5–134 = breakdown back into the lower GEX zone → bearish PUT play to $131–128.
Options Suggestion:
• Bullish Scenario: 140C or 142C (0DTE/2DTE) if $139 flips support
• Bearish Scenario: 134P or 132P if price fails to reclaim $139 and breaks $135.5
Keep risk small — IV is relatively low so premiums still reasonable.

📉 1-Hour Price Action and SMC Outlook

* Structure: PLTR in a rising channel with clean higher lows
* CHoCH → BOS confirmed: Valid short-term bullish structure
* Current Zone: Consolidating under resistance ($139), forming ascending pennant inside channel
* Support Levels:
* $135.62 → prior CHoCH and EMA confluence
* $134.36 and $132.20 as deeper pullback supports
* Volume: Rising on pushes, fading on retrace → healthy structure
🎯 Trade Setup Ideas:
Bullish:
* Entry: $139 breakout with volume
* Target: $142 → $144
* Stop: Below $135.5
Bearish:
* Entry: Rejection at $139 and break back below $135.5
* Target: $132.2 → $130
* Stop: Above $139.50
📈 Watch for confirmation of breakout or rejection from this wedge. Patience is key.

🧠 My Take:
PLTR is at a decision point — either breakout and trend to mid-$140s, or fakeout and retrace to reload lower. GEX stack shows resistance is thick but not extreme. Smart Money Concepts (CHoCH + BOS + channel structure) suggest bullish bias is intact — but we need confirmation over $139.

Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and do your own research before trading.