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KLAC

KLA CorporationClose $259.56EOD only
Max Pain
$226.00
Next expiry Jul 17, 2026
Expected Move
±$43.85
16.9% from close
Price Gap
-33.56
Distance to max pain
IV Rank
100
High premium
P/C OI
1.48
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
KLAC Earnings Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Strong bullish setup: 100% beat rate, $97M net call premium, gamma pinning. High IV supports premium selling.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 38.1% from MP; +1 VIX 16
Most important: 100% beat rate and call-heavy flow signal bullish bias. Watch resistance at $260.
📈100% beat rate over 5 quarters.
💵$97M net call premium signal strong bullish flow.
⚠️High IV and time to earnings 42 days; prepare for volatility expansion.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$224.00 — Approx — based on put OI concentration of 20,822 (13.7% below spot)

Earnings Overview

Next earnings: 2026-07-30 (42 days)explicit

Expected moves:

  • 2026-07-17 (29d): ±$43.85 (16.9%)
  • 2026-08-21 (64d): ±$67.00 (25.8%)
  • 2026-09-18 (92d): ±$79.20 (30.5%)

IV Setup

Term structure: Upward sloping; pre-earnings IV lower, post-earnings expiries elevated.

Crush estimate: Moderate crush post-earnings; IV expected to drop ~15-20%.

Skew: Slight put OI bias but call premium dominates.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: 100% beat rate implies moves often exceed expectations.

Directional bias: Bullish per flow and historical beats.

Key Levels

1$224.00 gamma flip
2Max pain pins: $188 (2026-06-18); $226 (2026-07-17); $220 (2026-08-21)

Flow Highlights

KLAC Aug21 $300C vol/OI 5.7x

Aggressive call buying, expecting upside above $300.

Jan27 $170P vol/OI 2.7x

Protective put buying, hedging downside below $170.

Strategies

Bull Call Spread
Buy 2026-08-21 $250.00/$300.00 call spread
Debit: $16.07-$19.64
Max loss: $19.64
Max gain: $30.36
BE: $269.64
Trigger: Monitor resistance at $260; exit if stock breaks below $250.
100% beat rate and bullish call flow support upside; liquidity passes.
Outperforms: Expresses directional bullish edge with defined risk.
Underperforms: Loss of support weakens upside continuation thesis.
Long Strangle
Buy 2026-08-21 $234.00 put + buy $330.00 call
Debit: $28.75-$35.15
Max loss: $35.15
Max gain: Unlimited
BE: 198.85 / 365.15
Trigger: Set stop-loss if IV contracts or stock stays within range. Liquidity warning: Liquidity constraints: long_put: Volume below 5.
High IV and potential for outsized move; reduces upfront cost.
Outperforms: Captures large price swings in either direction.
Underperforms: Insufficient realized move reduces long-strangle edge.
Iron condor
Sell 2026-07-17 $244.00/$236.00 put wing and $260.00/$285.00 call wing
Credit: $11.11-$13.58
Max loss: $11.42
Max gain: $13.58
BE: 230.42 / 273.58
100% beat rate and bullish call flow suggest upside, but resistance at $260 may cap; downside protected by gamma flip at $224.
Outperforms: Pre-earnings range-bound premium harvest using iron condor, capitalizing on elevated IV and defined risk.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!Downside risk to $224 put floor if sentiment shifts.
!IV crush post-earnings may hurt long premium positions.
!Time decay over 42 days until earnings.

What to Watch

?Resistance $260 and call OI wall $320.
?Max pain levels: $188 (weekly), $226 (Jul), $220 (Aug).
?Gamma flip level $224.
How to Use These Reports
This earnings reflects the market close on June 18, 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.