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LITE

Lumentum Holdings Inc.Close $850.00EOD only
Max Pain
$900.00
Next expiry Jun 26, 2026
Expected Move
±$87.95
10.3% from close
Price Gap
+50.00
Distance to max pain
IV Rank
100
High premium
P/C OI
1.33
Slightly put-heavy
Consensus
4.0/10
Bearish tilt
Published snapshot: Jun 18, 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 18, 2026 close
LITE 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

LITE earnings 55 days out; IV elevated, 100% beat rate, mixed flow, resistance at $1000.

Confidence:
4 / 10
base 5; -1 GEX/flow contradict; -1 spot 6.2% from MP; +1 VIX 16
Most important: IV crush post-earnings expected; watch call OI wall $1000-$1020.
🔥Aggressive call buying at $950 for 6/26 expiry (vol/OI 10.7).
⚠️High put/call OI ratio (1.33) indicates hedging.
📊100% beat rate but no clear directional edge historically.

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 6,745 (5.9% below spot)

Earnings Overview

Next earnings: 2026-08-12 (55 days)explicit

Expected moves:

  • 2026-06-26 (8d): ±$87.95 (10.3%)
  • 2026-07-02 (14d): ±$119.10 (14.0%)
  • 2026-07-10 (22d): ±$147.00 (17.3%)

IV Setup

Term structure: Front-end elevated (10%+ for 8d); back-end flatter.

Crush estimate: ~50% IV drop post-earnings.

Skew: Put skew elevated; put/call OI ratio 1.33.

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Avg post-earnings move ~±10% vs implied 10.3%.

Directional bias: No clear bias; 5/5 beats but mixed price reaction.

Key Levels

1$800.00 gamma flip
2EM guardrails: 1w $762.05/$937.95
3Max pain pins: $800 (2026-06-18); $900 (2026-06-26); $940 (2026-07-02)

Flow Highlights

Aggressive call buying: LITE 2026-06-26 $950 Call (vol/OI 10.7).

Bullish bet on near-term upside into earnings window.

Protective put: LITE 2026-07-17 $730 Put (vol/OI 3.2).

Hedging against downside risk two weeks post-earnings.

Strategies

Short Strangle
Sell 2026-06-26 $830.00 put + sell $877.50 call
Credit: $60.21-$73.59
Max loss: Unlimited
Max gain: $73.59
BE: 756.41 / 951.09
Trigger: Monitor resistance $950-$1000; exit if breached or IV drops sharply. Liquidity warning: Liquidity constraints: short_call: Open interest below 25.
Only eligible candidate; captures elevated IV with no clear directional bias.
Outperforms: Sells OTM put and call to profit from range-bound price action and IV crush.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!IV crush post-earnings could be severe (~50%).
!Resistance at $1000-$1020 call OI wall.
!Gamma flip near $800; support at $800-$850.

What to Watch

?Price action around $950-$1000.
?IV term structure tightening.
?Volume on $950 call for continuation.
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.