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LITE

Lumentum Holdings Inc.Close $938.00EOD only

Max Pain

$900.00

Next expiry Jun 5, 2026

Expected Move

±$35.65

3.8% from close

Price Gap

-38.00

Distance to max pain

IV Rank

Low premium

P/C OI

1.38

Slightly put-heavy

Consensus

5.0/10

Consensus signal

Published snapshot: Jun 3, 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 3, 2026 close

LITE Flow Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.0% from MP; +1 VIX 15

Watch next session: Monitor call volume at $1000 strike

Flow Summary

Net premium: +$114.9M bullish

P/C volume ratio: 0.71

P/C OI ratio: 1.42

Aggressive call buying dominates, with heavy volume on high strikes. Positive GEX and net premium confirm bullish flow. Caution from high put OI ratio and long-term put. Key support at $800 gamma flip.

Notable Prints

LITE 2026-06-05 $1000.00 Call

Vol: 12,308

OI: 975

Vol/OI: 12.6x

IV: 82.5%

Notional: ~$7.1M

Intent: Aggressive bullish bet or hedging

Dual read: Possible closing or rolling

Read-through: Strong short-term bullish conviction; unwinding adds pressure

LITE 2026-06-05 $1050.00 Call

Vol: 1,312

OI: 439

Vol/OI: 3.0x

IV: 94.3%

Notional: ~$249K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

LITE 2026-06-05 $960.00 Call

Vol: 417

OI: 162

Vol/OI: 2.6x

IV: 80.8%

Notional: ~$775K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

LITE 2027-01-15 $550.00 Put

Vol: 254

OI: 117

Vol/OI: 2.2x

IV: 98.5%

Notional: ~$2.0M

Intent: Long-term bearish hedge

Dual read: Part of collar or protective put

Read-through: Indicates downside risk perception far out

LITE 2026-06-05 $1200.00 Call

Vol: 991

OI: 475

Vol/OI: 2.1x

IV: 135.1%

Notional: ~$20K

Intent: Speculative OTM call buying

Read-through: Lottery-like with low premium, high vol suggests momentum

Institutional Positioning

Call additions: Heavy near-term call buying at $1000-$1050 strikes; 12k vol on 975 OI for $1000C

Put additions: Modest long-dated put at $550 and near-term $820 put with lower vol

GEX/DEX consistency: Yes: positive GEX ($+805K) and DEX (+6.7M shares) align for bullish gamma pinning

OI clusters: Call OI heavy at $1000 (975), $1200 (475); put OI concentrated near $800 (gamma flip)

Hedging evidence: Scattered long-dated put at $550 and weekly $820 put as downside protection

Max pain context: Spot above MP (~$800); pinning higher with massive call open interest

Signal vs Noise

~Real signal: massive call volume at $1000/$1050 on low OI indicates aggressive bullish positioning

~Noise: high put/call OI ratio (1.42) from stale puts, not fresh selling

~Noise: small put buys at $550 (0.2% of volume) not directional signal

Key Conclusions

📈Aggressive call buying at $1000 and $1050 suggests institutions expect upside breakout above recent high

🛡️Long-dated $550 put and gamma flip at $800 provide floor; risk defined

⚡Positive GEX/dex and pinning gamma near $950-1000 supports tight consolidation with upward tilt

How to Use These Reports

This flow reflects the market close on June 4, 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.