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LITE

Lumentum Holdings Inc.Close $821.76EOD only

Max Pain

$900.00

Next expiry Jun 12, 2026

Expected Move

±$73.15

8.9% from close

Price Gap

+78.24

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.31

Slightly put-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 9, 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 9, 2026 close

LITE Flow Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 8.7% from MP; +0.5 VIX 20

Watch next session: Monitor $800-$900

Flow Summary

Net premium: -$9.4M bearish

P/C volume ratio: 1.02

P/C OI ratio: 1.31

Net negative premium $9.4M. Put/call OI 1.31. Notable call sweeps at $900 but overall bearish. High vol regime. Bias lower unless $900 breaks.

Notable Prints

LITE 2026-06-12 $900.00 Call

Vol: 4,306

OI: 493

Vol/OI: 8.7x

IV: 101.8%

Notional: ~$4.5M

Intent: Bullish speculation on short-term upside

Dual read: Position rolling or covering short call

Read-through: High vol/oi suggests new bullish bets near resistance

LITE 2026-07-17 $850.00 Put

Vol: 3,118

OI: 400

Vol/OI: 7.8x

IV: 98.2%

Notional: ~$37.7M

Intent: Bearish hedge or directional put buying

Dual read: Part of collar or spread

Read-through: Large put volume signals downside protection

LITE 2026-06-12 $735.00 Put

Vol: 509

OI: 143

Vol/OI: 3.6x

IV: 118.6%

Notional: ~$519K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

LITE 2026-07-17 $1200.00 Call

Vol: 267

OI: 111

Vol/OI: 2.4x

IV: 98.7%

Notional: ~$504K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

LITE 2026-07-17 $950.00 Call

Vol: 907

OI: 429

Vol/OI: 2.1x

IV: 95.5%

Notional: ~$5.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Weekly $900C and July $950C with elevated vol/oi; Sept $1000C added.

Put additions: July $850P dominant; weekly $735P, $770P, $810P also active.

GEX/DEX consistency: Inconsistent: GEX negative, DEX positive, hedging mixed.

OI clusters: Put OI concentrated near 800 (gamma flip level).

Hedging evidence: Significant put buying below spot suggests downside hedging.

Max pain context: Spot 8.7% below MP; MP acts as resistance.

Signal vs Noise

~Weekly $900C and July $850P are high-conviction signals with vol/oi >7; other prints below 4 are noise.

Key Conclusions

🛡️Heavy put activity at $850, $735 signals institutional hedging against downside into earnings.

⚡Large call volume at $900 weekly suggests speculative upside bets amid high vol.

How to Use These Reports

This flow reflects the market close on June 9, 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.