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LITE

Lumentum Holdings Inc.Close $821.76EOD only
Max Pain
$900.00
Next expiry Jun 12, 2026
Expected Move
±$73.15
8.9% from close
Price Gap
+78.24
Distance to max pain
IV Rank
31
Middle-high premium
P/C OI
1.31
Slightly put-heavy
Consensus
6.5/10
Bearish tilt
Published snapshot: Jun 9, 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
Jun 9, 2026 close
LITE Earnings Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

LITE earnings 63d out. Steep IV term structure, 100% beat rate, but spot below gamma flip. Call buying at $850/$900 suggests bullish positioning.

Confidence:
3 / 10
base 5; -1 GEX/flow contradict; -1 spot 5.2% from MP
Most important: High IV + 100% beat rate but stock below gamma flip near $800 support – mixed signal.
⚠️Put OI concentration $600-$800 acts as floor support.
📈Call wall at $900-$1000 may cap upside if tested.

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 6,168 (6.2% below spot)

Earnings Overview

Next earnings: 2026-08-12 (63 days)explicit

Expected moves:

  • 2026-06-12 (2d): ±$60.20 (7.1%)
  • 2026-06-18 (8d): ±$106.90 (12.5%)
  • 2026-06-26 (16d): ±$145.30 (17.0%)

IV Setup

Term structure: 2d 7.1%, 1w 12.5%, 16d 17% – steep contango.

Crush estimate: Post-event IV crush likely 50-70% of implied move.

Skew: Put OI concentrated below $800, call wall $900-$1000.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Not available; 100% beat rate (5/5) suggests upside potential.

Directional bias: Bullish based on earnings beats, but current spot below max pain $900.

Key Levels

1$800.00 gamma flip
2EM guardrails: 2d $793.06/$913.46; 1w $746.36/$960.16
3Max pain pins: $900 (2026-06-12); $790 (2026-06-18); $880 (2026-06-26)

Flow Highlights

Unusual call volume: 191x at $850C, 321x at $960C, 3163x at $900C all 6/12 expiry.

Aggressive call buying at key strikes indicates bullish sentiment into event.

Strategies

Bullish Call
Buy 2026-08-21 $1190.00 call
Debit: $57.87-$70.73
Max loss: $70.73
Max gain: Unlimited
BE: $1260.73
Trigger: If stock drops below $800, exit to limit losses. Liquidity warning: Liquidity constraints: long_call: Open interest below 25.
100% beat rate supports upside; high IV makes call cheaper relative to potential move.
Outperforms: Buy Aug21 $1190 call to capture post-earnings upside.
Underperforms: Failure at support and IV crush weaken long-call thesis.
Premium Seller
Sell 2026-06-26 $805.00 put + sell $895.00 call
Credit: $93.51-$114.29
Max loss: Unlimited
Max gain: $114.29
BE: 690.71 / 1009.29
Trigger: Monitor $800 support and $900 resistance; roll or close if breached. Liquidity warning: Liquidity constraints: short_call: Open interest below 25.
High IV and steep contango offer rich premium; 100% beat rate but stock below gamma flip adds directional risk.
Outperforms: Sell Jun26 $805 put and $895 call to collect elevated IV premium.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Stock below gamma flip near $800 – risk of downward acceleration.
!High IV implies large post-move swings; position sizing critical.

What to Watch

?IV crush magnitude on earnings day.
?Price reaction at $900 resistance and $800 support.
How to Use These Reports
This earnings reflects the market close on June 10, 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.