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LITE

Lumentum Holdings Inc.Close $957.24EOD only

Max Pain

$800.00

Next expiry Jun 18, 2026

Expected Move

±$78.70

8.2% from close

Price Gap

-157.24

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.32

Slightly put-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

LITE Flow Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

4 / 10

base 5; -1 GEX/flow contradict; -1 spot 9.4% from MP; +1 VIX 16

Watch next session: 800; 900; MP ~910

Flow Summary

Net premium: +$54.8M bullish

P/C volume ratio: 0.97

P/C OI ratio: 1.32

Heavy call volume despite negative GEX; net premium positive. Unusual prints concentrated in upside calls. OI ratio put-heavy but may reflect hedging. Watch gamma flip at 800 for downside risk.

Notable Prints

LITE 2026-06-18 $980.00 Call

Vol: 1,357

OI: 351

Vol/OI: 3.9x

IV: 97.3%

Notional: ~$461K

Intent: Bullish momentum play

Dual read: Hedging short stock

Read-through: Speculative call buying

LITE 2026-06-18 $1020.00 Call

Vol: 4,069

OI: 1,331

Vol/OI: 3.1x

IV: 95.6%

Notional: ~$610K

Intent: Bullish continuation

Dual read: Ladder strategy

Read-through: High strike speculation

LITE 2026-12-18 $1000.00 Call

Vol: 342

OI: 140

Vol/OI: 2.4x

IV: 101.5%

Notional: ~$7.2M

Intent: Long-term bullish

Dual read: Synthetic long

Read-through: Confidence in recovery

LITE 2026-06-18 $910.00 Call

Vol: 251

OI: 110

Vol/OI: 2.3x

IV: 92.1%

Notional: ~$415K

Intent: Moderate bullish

Dual read: Rolling position

Read-through: Near-term upside

LITE 2026-06-18 $900.00 Call

Vol: 1,009

OI: 466

Vol/OI: 2.2x

IV: 91.2%

Notional: ~$1.8M

Intent: Similar bullish

Dual read: Possible buy-write

Read-through: Support level bet

Institutional Positioning

Call additions: Large OTM call buying at $980, $1020, $900-910 strikes; longer-dated $1000 and $920 calls also active.

Put additions: Notable put activity at $790 strike, likely hedging.

GEX/DEX consistency: GEX negative (-$3.2M) but DEX positive (+6.6M shares); mixed signals.

OI clusters: Put OI concentrated near $800 (gamma flip), call OI building at high strikes.

Hedging evidence: Put buying at $790 suggests downside protection below $800.

Max pain context: Spot ($815) above max pain? MP not given but spot vs MP 'Above'; pinning possible near $800-810.

Signal vs Noise

~Signal: Concentrated OTM call buying (980, 1020) indicates bullish speculation.

~Signal: $790 put volume as tail hedge; aligns with gamma flip at $800.

~Noise: High vol/oi ratio on small OI contracts may be retail.

~Noise: Net premium positive but put/call OI ratio >1 suggests cautious positioning.

Key Conclusions

📈Institutions adding OTM calls aggressively, signaling bullish bias despite negative GEX.

🛡️Hedging via $790 puts indicates protection below $800; gamma flip supports that level.

How to Use These Reports

This flow reflects the market close on June 16, 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.