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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 15, 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 19.7% from MP; +1 VIX 16

Watch next session: Monitor $800 support; Watch $1020 call volume

Flow Summary

Net premium: +$123.1M bullish

P/C volume ratio: 1.15

P/C OI ratio: 1.32

Bullish bias from massive call print and positive GEX/DEX, but mixed underlying flow and high put OI caution. Key level: $800 gamma flip.

Notable Prints

LITE 2026-06-18 $1020.00 Call

Vol: 2,340

OI: 108

Vol/OI: 21.7x

IV: 99.6%

Notional: ~$3.9M

Intent: Bullish speculation

Dual read: Possible call spread

Read-through: Upside confidence

LITE 2026-06-18 $300.00 Put

Vol: 443

OI: 125

Vol/OI: 3.5x

IV: 337.5%

Notional: ~$2K

Intent: Lottery speculation

Dual read: Tail hedge unlikely

Read-through: Negligible impact

LITE 2026-06-18 $810.00 Put

Vol: 530

OI: 288

Vol/OI: 1.8x

IV: 110.2%

Notional: ~$186K

Intent: Bearish near flip

Dual read: Hedge or put spread

Read-through: Pressure at $800

Institutional Positioning

Call additions: Large call buying at $1020 (2,340 vol, low OI) indicates bullish speculation.

Put additions: Put activity at $810 (hedging) and $300 (lottery-like).

GEX/DEX consistency: Positive GEX ($1.8M) and DEX (+6.6M shares) align with net premium and call flow.

OI clusters: Put OI heavy near $800 (6,305, gamma flip). Call OI sparse except $1020.

Hedging evidence: Puts at $810 (16.4% below spot) show downside hedging.

Max pain context: Spot $967 above MP; gamma pinning near $800-$1000.

Signal vs Noise

~$1020 call volume is real signal of upside speculation.

~$300 put with 337.5% IV is noise (lottery).

~Put/call ratio >1 misleading given net premium positive.

Key Conclusions

📈Bullish skew via $1020 calls despite put-heavy OI.

⚠️Gamma flip at $800; 16.4% below spot, keep as downside risk.

🔍Flow mixed but net premium $123M favors calls.

How to Use These Reports

This flow reflects the market close on June 15, 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.