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LITE

Lumentum Holdings Inc.Close $863.66EOD only

Max Pain

$935.00

Next expiry Jun 12, 2026

Expected Move

±$97.75

11.3% from close

Price Gap

+71.34

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.38

Slightly put-heavy

Consensus

4.0/10

Bearish tilt

Published snapshot: Jun 5, 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 5, 2026 close

LITE Flow Report

Analysis based on market close June 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +0.5 spot 1.9% from MP; +0.5 VIX 19

Watch next session: 900 call strike; 870 put strike; 6/12 expiry

Flow Summary

Net premium: +$83.4M bullish

P/C volume ratio: 0.94

P/C OI ratio: 1.33

Mixed flow with notable call and put activity. Net premium positive but put OI elevated. Unusual prints show aggressive call buying at 900 and 920, but also put buying at 870. Dealers short gamma (-$1.4M) but long delta (+6.4M shares). Spot below max pain, VIX elevated at 19. Consolidation likely with directional bias unresolved.

Notable Prints

LITE 2026-06-18 $920.00 Call

Vol: 639

OI: 147

Vol/OI: 4.3x

IV: 97.5%

Notional: ~$3.2M

Intent: Bullish call buying

Dual read: Possible short hedge

Read-through: Optimistic near-term outlook

LITE 2026-06-12 $870.00 Put

Vol: 355

OI: 115

Vol/OI: 3.1x

IV: 106.6%

Notional: ~$1.2M

Intent: Bearish or hedging

Dual read: Protective put

Read-through: Downside concern

LITE 2026-08-21 $1100.00 Call

Vol: 287

OI: 157

Vol/OI: 1.8x

IV: 102.5%

Notional: ~$2.8M

Intent: Long-term bullish

Dual read: Part of spread

Read-through: Confidence in future growth

LITE 2026-06-12 $900.00 Call

Vol: 487

OI: 308

Vol/OI: 1.6x

IV: 105.1%

Notional: ~$2.1M

Intent: Bullish call buying

Dual read: Covered call unlikely

Read-through: Positive sentiment

LITE 2026-06-12 $950.00 Call

Vol: 263

OI: 162

Vol/OI: 1.6x

IV: 101.6%

Notional: ~$560K

Intent: Bullish call opening

Dual read: Short call possible

Read-through: Expects upside

Institutional Positioning

Call additions: Strikes 900-920 and 1100 for upside bets.

Put additions: Jun12 $870P added as downside hedge.

GEX/DEX consistency: Negative GEX, positive DEX consistent with amplification.

OI clusters: Put OI at 870, call OI at 900-950.

Hedging evidence: Downside puts at 870; collars implied.

Max pain context: Spot below MP (~900-950); pin expectation.

Signal vs Noise

~Large call volume at 920C (4.3x OI) and 870P (3.1x OI) are signal.

~Net call premium $83M is real signal.

~High IV (100%+) may reflect event premium noise.

Key Conclusions

📈Large call buying at 920 and 1100 shows upside conviction.

📉Heavy put OI and negative GEX imply downside risk.

📌Spot near max pain; pin action likely.

How to Use These Reports

This flow reflects the market close on June 8, 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.