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LITE

Lumentum Holdings Inc.Close $833.64EOD only
Max Pain
$785.00
Next expiry Jul 24, 2026
Expected Move
±$41.60
5.0% from close
Price Gap
-48.64
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.39
Slightly put-heavy
Consensus
4.0/10
Bullish tilt
Published snapshot: Jul 23, 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
Jul 23, 2026 close
LITE Earnings Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 8, 2026. A newer earnings report is available for June 26, 2026.

View latest report

Earnings Verdict

LITE options imply ±9.8% move by 06-12 with 100% beat rate but no confirmed earnings date.

Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +0.5 spot 1.9% from MP; +0.5 VIX 19
Most important: High IV crush risk post-event; mixed flow near max pain.
📊Implied move ±9.8% by 06-12 aligned with avg history.
⚠️No earnings date confirmed; use caution with IV crush.
📈Unusual call volume at $920 suggests upside anticipation.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$800.00 — Approx — based on put OI concentration of 6,195 (10.7% below spot)

Earnings Overview

Expected moves:

  • 2026-06-12 (4d): ±$87.45 (9.8%)
  • 2026-06-18 (10d): ±$122.00 (13.6%)
  • 2026-06-26 (18d): ±$157.50 (17.6%)

IV Setup

Term structure: Elevated IV across expirations; near-term ~105%, longer-term ~97-102%.

Crush estimate: Expected ~30-40% crush post-event.

Skew: Put skew elevated; OI ratio 1.33 bearish but call flow active.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Avg move 9.8% vs implied 9.8% (neutral).

Directional bias: No clear bias; 100% beat rate but mixed flow.

Key Levels

1$800.00 gamma flip
2EM guardrails: 1w $773.40/$1017.40
3Max pain pins: $912 (2026-06-12); $790 (2026-06-18); $910 (2026-06-26)

Flow Highlights

Large call volume on 06-18 $920 call (4.3x OI).

Bullish positioning for post-event upside.

Heavy put activity on 06-12 $870 put (3.1x OI).

Bearish hedge or directional bet near MP.

Strategies

Call Calendar on LITE
Sell 2026-06-18 $910.00 call / buy 2026-07-17 $910.00 call
Debit: $48.60-$59.40
Max loss: $59.40
Max gain: Variable
BE: Path-dependent
Trigger: Close if spot breaches invalidation level or IV flattens earlier.
Only eligible candidate; exploits elevated near-term IV vs back-month.
Outperforms: Sell short-dated call, buy later expiry; benefits from IV flattening post-earnings.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Unconfirmed earnings date; event risk uncertain.
!High IV implies large expected move; crush risk.
!Bearish put/call OI ratio (1.33) suggests downside hedging.

What to Watch

?Confirmation of earnings date and magnitude.
?Spot price relative to max pain ($912) and guardrails.
?Unusual call flow at $920 and $1100.
How to Use These Reports
This earnings reflects the market close on June 8, 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.