Palantir Reversal at Call Wall Delivers 10:1 Intraday Trade Using SpotGamma Options Flow

When stocks approach SpotGamma key levels, the shift in options flow can create high-probability reversal setups. Palantir (PLTR) provided a textbook example, as price rallied into a known resistance zone before options activity signaled exhaustion.

After gapping higher, PLTR pushed toward the $185 Call Wall (a level identified by SpotGamma as both a low volatility point and key resistance). As traders stopped buying calls and began selling calls and buying puts, the HIRO Indicator confirmed a shift in positioning.

This transition in flow, combined with the rejection at a critical level, created a clean short setup delivering up to a 10:1 reward-to-risk intraday trade.

Author: Doug Pless
Professional Trader & SpotGamma Content Contributor

The Setup	The Tools	The Execution	The Payoff
• Stock: Palantir (PLTR) • Trade Type: Intraday short using stock shares • Bias: Bearish reversal from gamma resistance • Volatility: Increasing volatility expected after rejection from low-volatility point • Thesis: A rally into the $185 call wall (low volatility point) followed by exhaustion in options flow could trigger a downside move.	Equity Hub • Identified key levels: • Call Wall / Low Volatility Point: $185 • Key Gamma Strike: $180 HIRO • Showed flow transition: • Initial call buying and put selling (bullish drive) • Then call selling and put buying (bearish reversal) • Confirmed exhaustion and reversal signal	• Entry: $183.45 short after rejection at $185 • Trigger: Flow exhaustion at call wall + shift to call selling / put buying • Stop Loss: $0.50 above entry • Profit Targets: • $180 key gamma strike (first target) • $178.25 (final exit) • Trade Management: Scaled out — half at first target, remainder at flow exhaustion	• Reward/Risk Ratios: • ~7:1 to first target • ~10:1 to final exit • Price Range Captured: ~$5 move from entry to final exit • Result: High-probability reversal trade driven by key level resistance and flow shift • Exit Signal: HIRO flow flattened, signaling downside exhaustion

The $185 Call Wall acted as key resistance, indicating a potential level of price reversal.
HIRO showed options flow exhaustion and reversion, as traders stopped buying calls and shifted to selling calls and buying puts.
The trade delivered up to a 10:1 return, with exits guided by key SpotGamma levels and the HIRO indicator.

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