Palantir's IV Percentile has long been maintained in the 70-85th percentile range, making it a frequent guest on the high IV list. It is also currently a beneficiary stock of Iranian military contracts, with call-side open interest concentrated at the $140-$150 strike price, as institutions price in the narrative of expanding government contracts.

$GraniteShares 2x Long PLTR Daily ETF(PTIR.US) Due to its leveraged structure, the mean reversion effect of IV is particularly pronounced around earnings report windows. The market's implied 60-day moving range is currently around ±30%. Combined with the GEX distribution, $25-$28 is a dense support zone below, with room for extension above $35 upon a breakout.