thetaOwl

LITE

Lumentum Holdings Inc.Close $868.07EOD only
Max Pain
$907.50
Next expiry May 22, 2026
Expected Move
±$61.90
7.1% from close
Price Gap
+39.43
Distance to max pain
IV Rank
5
Low premium
P/C OI
1.40
Slightly put-heavy
Consensus
4.5/10
Bearish tilt
Published snapshot: May 20, 2026 close
End-of-day snapshot

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

Published Snapshot
May 20, 2026 close
Consensus-ledMay 20, 2026 close4.5/10 conviction

AI Consensus

Bias
Bearish
Neutral to slightly bullish
Best Fit
Defined risk

Buy 2026-06-26 $890/$845 put spread for $5

Key Levels
908 / 868 / 930
Magnet / spot / breakout
Main Risk
Event sensitivity

Break below $800 flips dealer gamma from short to long, removing downside support and accelerating decline towa…

One-line synthesis

Bearish tilt

Highest-conviction setup

Buy 2026-06-26 $890/$845 put spread for $5

Main disagreement

Earnings highlights max pain at $908 and historical beat rate, suggesting possible upside pull that directly contradicts the bearish direct…

Persona support grid
How to Use These Reports
This hub collects the active report lenses so you can compare how each persona reads the same market-close snapshot.
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.