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LITE

Lumentum Holdings Inc.Close $875.36EOD only
Max Pain
$800.00
Next expiry Jun 18, 2026
Expected Move
±$55.90
6.4% from close
Price Gap
-75.36
Distance to max pain
IV Rank
51
Middle-high premium
P/C OI
1.32
Slightly put-heavy
Consensus
4.0/10
Consensus signal
Published snapshot: Jun 16, 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 16, 2026 close
LITE 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

LITE 56d pre-earnings; elevated IV, skewed puts; 100% beat rate but mixed flow.

Confidence:
3.5 / 10
base 5; -1 GEX/flow contradict; -1 spot 8.7% from MP; +0.5 VIX 18
Most important: Near-term risks from put hedging; monitor $800 support.
🔻Put/Call OI ratio 1.31 – highest in sector, heavy hedging.
✅100% beat rate (5/5) signals consistent execution.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Mixed
Spot vs MP
Above
Gamma flip: ~$800.00 — Approx — based on put OI concentration of 6,751 (8.0% below spot)

Earnings Overview

Next earnings: 2026-08-12 (56 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$36.70 (4.2%)
  • 2026-06-26 (9d): ±$102.55 (11.8%)
  • 2026-07-02 (15d): ±$131.20 (15.1%)

IV Setup

Term structure: Short-dated IV 76-90%, put-skewed.

Crush estimate: No immediate earnings crush; near-term IV may decay.

Skew: Puts expensive; put OI concentrated at $800.

Historical Context

Beat rate: 100% (5/5 quarters)

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

Directional bias: Neutral to bullish on beats.

Key Levels

1$800.00 gamma flip
2EM guardrails: 2d $833.28/$906.68; 1w $767.43/$972.53
3Max pain pins: $800 (2026-06-18); $890 (2026-06-26); $940 (2026-07-02)

Flow Highlights

Unusual $910 Call vol 449 (vol/OI 3.0) for Jun 26

Bullish bet on upside by month-end.

Unusual $800 Put vol 1302 (vol/OI 2.6) for Jun 26

Heavy hedging or bearish stance at support.

Strategies

Short strangle
Sell 2026-06-26 $835.00 put + sell $900.00 call
Credit: $66.02-$80.69
Max loss: Unlimited
Max gain: $80.69
BE: 754.31 / 980.69
Trigger: Roll if breached; adjust strikes to manage risk.
Best fit: high IV, range-bound support/resistance, 56d out allows rolling.
Outperforms: Collects premium from elevated IV with defined range $800-$1000.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Long straddle
Buy 2026-08-21 $950.00 put + buy $950.00 call
Debit: $270.18-$330.22
Max loss: $330.22
Max gain: Unlimited
BE: 619.78 / 1280.22
Trigger: Close early to capture IV expansion; exit before earnings crush. Liquidity warning: Liquidity constraints: long_put: Volume below 5.
Capitalizes on large move potential; 100% beat rate supports upside.
Outperforms: Buys both put and call at same strike to profit from volatility.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Bull call spread
Buy 2026-08-21 $1190.00/$1210.00 call spread
Debit: $1.62-$1.98
Max loss: $1.98
Max gain: $18.02
BE: $1191.98
Trigger: Set stop loss near invalidation level; close if momentum fades. Liquidity warning: Liquidity constraints: long_call: Open interest below 25.; short_call: Open interest below 25.
Low cost directional bet if bullish catalysts emerge, but strikes are far OTM.
Outperforms: Limited-risk bullish play with defined risk/reward.
Underperforms: Loss of support weakens upside continuation thesis.

Risk Assessment

!High IV decays if stock range-bound.
!Put/Call OI ratio 1.31 signals heavy hedging.
!Earnings far out; near-term moves macro-driven.

What to Watch

?Support $800 (put OI concentration).
?Resistance $1000-$1020 (call wall).
?Net premium flow for directional cues.
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.