Home Options LITEReports

LITE

Lumentum Holdings Inc.Close $921.56EOD only

Max Pain

$800.00

Next expiry Jun 18, 2026

Expected Move

±$89.65

9.7% from close

Price Gap

-121.56

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.31

Slightly put-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

LITE Flow Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

View latest report

Flow Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +0.5 spot 1.2% from MP; +0.5 VIX 19

Watch next session: Monitor $770 put activity; Watch $875 call for reversal

Flow Summary

Net premium: +$55.6M bullish

P/C volume ratio: 1.38

P/C OI ratio: 1.30

Heavy put activity, especially deep OTM $400 puts and near-term $770/$845 puts, outweighs calls. Net premium positive but put-skewed. High VIX and spot below mean price suggest bearish positioning.

Notable Prints

LITE 2026-06-12 $770.00 Put

Vol: 591

OI: 273

Vol/OI: 2.2x

IV: 115.4%

Notional: ~$77K

Intent: Bearish hedge or speculative bet on sharp drop.

Dual read: Hedging downside risk near expiry.

Read-through: Tail risk hedging.

LITE 2026-06-18 $690.00 Put

Vol: 312

OI: 152

Vol/OI: 2.0x

IV: 122.0%

Notional: ~$144K

Intent: Speculative deep OTM put.

Dual read: Possible bearish spread.

Read-through: Bearish.

LITE 2026-06-12 $875.00 Call

Vol: 170

OI: 100

Vol/OI: 1.7x

IV: 80.6%

Notional: ~$473K

Intent: Bullish call buying on momentum.

Dual read: Could be closing short call.

Read-through: Bullish.

LITE 2026-06-18 $400.00 Put

Vol: 1,269

OI: 813

Vol/OI: 1.6x

IV: 192.2%

Notional: ~$16K

Intent: Lottery ticket or tail hedge.

Dual read: Part of a risk reversal.

Read-through: Extreme bearish.

LITE 2026-06-12 $845.00 Put

Vol: 181

OI: 114

Vol/OI: 1.6x

IV: 94.5%

Notional: ~$130K

Intent: Bearish put buying.

Dual read: Hedging long stock.

Read-through: Bearish.

Institutional Positioning

Call additions: 875C 27.8, 170 vol, OI 100 (new)

Put additions: 770P (591 vol), 690P (312 vol), 845P (181 vol), 400P (1269 vol)

GEX/DEX consistency: GEX -$307K (short gamma) vs DEX +6.9M (long delta) – mixed signals

OI clusters: Largest OI at 770P (273 OI), 690P (152), 845P (114), 875C (100)

Hedging evidence: Far OTM 400P (IV 192%) suggests tail hedging; high IV on puts

Max pain context: Spot below MP; MP likely above acting as resistance; put OI clustering below

Signal vs Noise

~Put/call volume ratio 1.38 signals bearish flow

~Negative GEX but positive DEX is mixed signal

~Unusual 400P tail hedge is signal

Key Conclusions

⚠️Bearish put flow dominates despite strong QQQ; tail hedging via 400P suggests downside risk

📊Gamma flip at $800: spot stalled near resistance; risk of reversal below MP

How to Use These Reports

This flow reflects the market close on June 11, 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.