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KLAC

KLA CorporationClose $237.33EOD only
Max Pain
$188.00
Next expiry Jun 18, 2026
Expected Move
±$12.40
5.2% from close
Price Gap
-49.33
Distance to max pain
IV Rank
96
High premium
P/C OI
1.48
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Jun 16, 2026 close
End-of-day snapshot

This page reflects KLAC options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 16, 2026 close
KLAC Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Earnings Verdict

KLAC 43d out, high IV, bearish put flow, historical 100% beat. Confidence 7.5.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 27.0% from MP; +0.5 VIX 18
Most important: Watch gamma flip at $224; put OI wall $200-$1400.
🔔100% beat vs bearish flow conflict.
📉Put volume 1.48x calls, OTM puts added.
📌Gamma pinning $188 weekly; $224 support.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Above
Gamma flip: ~$224.00 — Approx — based on put OI concentration of 20,821 (6.2% below spot)

Earnings Overview

Next earnings: 2026-07-30 (43 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$9.30 (3.9%)
  • 2026-07-17 (30d): ±$39.25 (16.4%)
  • 2026-08-21 (65d): ±$57.40 (24.0%)

IV Setup

Term structure: Front-month 3.9% 1d move; later months 16-24%.

Crush estimate: Expected 2-3% IV crush post-earnings.

Skew: Put-skewed OI ratio 1.45; deep OTM puts hedged.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not available; 100% beat rate suggests upside bias.

Directional bias: Neutral-bullish historically but current flow bearish.

Key Levels

1$224.00 gamma flip
2EM guardrails: 2d $229.43/$248.03
3Max pain pins: $188 (2026-06-18); $220 (2026-07-17); $218 (2026-08-21)

Flow Highlights

LEAP $1400 put vol/oi 1.8, IV 0%.

Large bearish hedge or speculative bet.

Aug $200 put vol 446 vs OI 295, IV 72%.

Heavy put activity near support $224.

Strategies

Iron Condor
Sell 2026-07-17 $234.00/$224.00 put wing and $240.00/$255.00 call wing
Credit: $9.09-$11.11
Max loss: $3.89
Max gain: $11.11
BE: 222.89 / 251.11
Trigger: Close at 50% max gain or adjust wings if spot approaches $224 gamma flip.
Defined risk aligns with bearish put flow and high IV, capped by OI wall at $200.
Outperforms: Sell put wing $234/$224 and call wing $240/$255 to capture theta decay with limited risk.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-07-17 $224.00 put + sell $240.00 call
Credit: $28.08-$34.32
Max loss: Unlimited
Max gain: $34.32
BE: 189.68 / 274.32
Trigger: Set stop-loss at 2x credit; roll at $224/$240 touch.
Higher premium potential but unlimited risk; suitable for confident directional view.
Outperforms: Sell $224 put and $240 call to collect elevated IV premium.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!High VIX 18.44 increases decay.
!Put flow caps upside.
!Gamma flip $224 risks rapid moves.

What to Watch

?Spot at $224 gamma flip.
?Put OI at $200.
?Net premium shifts.
How to Use These Reports
This earnings reflects the market close on June 17, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.