LITE Flow Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning)

Watch next session: $800C OI buildup near spot; Put flow at $700-$750 for hedging

Flow Summary

Net premium: +$148.5M bullish

P/C volume ratio: 1.14 — slight put-dominant volume

P/C OI ratio: 1.01 — neutral OI balance

Massive net premium bullish despite mixed volume, driven by deep OTM call buying at $500-$630. Flow signals institutional accumulation with hedging near spot.

Notable Prints

LITE 4/10 $500 Call

Vol: 610

OI: 293

Vol/OI: 2.1x

IV: 176.0%

Notional: ~$4.7M

Intent: Deep OTM call buying for leverage/volatility play

Dual read: Bought (bullish speculation) or sold/covered (neutral)

Read-through: Consistent with bullish flow regime; high IV suggests speculative positioning

LITE 4/10 $800 Put

Vol: 822

OI: 325

Vol/OI: 2.5x

IV: 110.9%

Notional: ~$4.1M

Intent: Protective put hedging near spot

Dual read: Bought (bearish hedge) or sold/covered (neutral)

Read-through: Likely hedging against short-term downside given ITM status; aligns with mixed flow

LITE 4/10 $950 Call

Vol: 834

OI: 124

Vol/OI: 6.7x

IV: 110.9%

Notional: ~$1.2M

Intent: OTM call buying for upside speculation

Dual read: Bought (bullish) or sold/covered (neutral)

Read-through: High vol/OI ratio indicates fresh positioning; supports bullish bias

LITE 4/10 $700 Put

Vol: 809

OI: 343

Vol/OI: 2.4x

IV: 116.2%

Notional: ~$877K

Intent: OTM put hedging or speculative downside bet

Dual read: Bought (bearish) or sold/covered (neutral)

Read-through: Moderate size; likely part of broader hedging strategy given OTM status

LITE 4/10 $790 Call

Vol: 317

OI: 109

Vol/OI: 2.9x

IV: 107.7%

Notional: ~$925K

Intent: Near-OTM call buying for directional exposure

Dual read: Bought (bullish) or sold/covered (neutral)

Read-through: Close to spot; aligns with bullish flow but smaller notional

Institutional Positioning

Call additions: $500-$630 deep OTM calls (large premium), $790-$870 OTM calls

Put additions: $700-$800 puts near spot for hedging

GEX/DEX consistency: Yes — positive GEX $2.5M + bullish net premium aligned

OI clusters: $750 call (1,631 OI), $650 put (1,611 OI), $800 call (995 OI)

Hedging evidence: Yes — $800 ITM put volume (822) and $700-$750 OTM put flow suggest protective positioning

Max pain context: MP at $750 (4/10), spot above MP; falling MP trend indicates bearish skew longer-term

Signal vs Noise

~$500 Put volume (610) with 176% IV likely noise — extreme OTM with high IV suggests retail/speculative, not institutional

~$1000 Call volume (490) is small notional (~$269K) and OTM; likely lottery tickets, not directional

~Low-volume strikes in Near-Term Chain (e.g., $660 call vol=3) are market maker adjustments, not flow

Key Conclusions

🐂Net premium +$148.5M strongly bullish driven by deep OTM call buying

🛡️Hedging activity at $700-$800 puts indicates institutional caution near spot

📍Positive GEX $2.5M supports pinning near $800-$820; watch for magnet effect

Read the Flow analysis for LITE for 2026-04-06. This AI-generated report covers regime classification, key price levels, strategy recommendations, and actionable trade ideas drawn from end-of-day options data including gamma exposure, delta exposure, and implied volatility.