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LITE

Lumentum Holdings Inc.Close $875.36EOD only

Max Pain

$800.00

Next expiry Jun 18, 2026

Expected Move

±$55.90

6.4% from close

Price Gap

-75.36

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.32

Slightly put-heavy

Consensus

4.0/10

Consensus signal

Published snapshot: Jun 16, 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 16, 2026 close

LITE Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

3.5 / 10

base 5; -1 GEX/flow contradict; -1 spot 8.7% from MP; +0.5 VIX 18

Watch next session: Break below $800; Sustained call buying above $910

Flow Summary

Net premium: +$22.1M bullish

P/C volume ratio: 1.28

P/C OI ratio: 1.31

Put-heavy flow dominates with negative gamma -$3.3M. Aggressive puts at $800 and calls at $910, but put bias prevails. Price above max pain, dealer hedging suggests downside risk.

Notable Prints

LITE 2026-06-26 $910.00 Call

Vol: 449

OI: 149

Vol/OI: 3.0x

IV: 88.5%

Notional: ~$1.5M

Intent: Bullish bet on move above $910 by earnings

Dual read: Short covering or call overwriting

Read-through: Trader expects sharp upside

LITE 2026-06-26 $800.00 Put

Vol: 1,302

OI: 493

Vol/OI: 2.6x

IV: 90.1%

Notional: ~$3.1M

Intent: Bearish hedge near gamma flip

Dual read: Part of collar or spread

Read-through: Protection below $800

LITE 2026-06-18 $785.00 Put

Vol: 236

OI: 139

Vol/OI: 1.7x

IV: 87.0%

Notional: ~$18K

Intent: Speculative downside bet

Dual read: Hedge for short-term event

Read-through: Expects drop below $785

LITE 2026-06-18 $910.00 Call

Vol: 254

OI: 163

Vol/OI: 1.6x

IV: 76.7%

Notional: ~$140K

Intent: Speculative upside bet

Dual read: Closing or roll of position

Read-through: Expects move above $910 soon

Institutional Positioning

Call additions: Calls added at 910 strike (6/26: 449 vol, 6/18: 254 vol)

Put additions: Puts added at 800 (1,302 vol) and 785 (236 vol)

GEX/DEX consistency: Negative GEX (-$3.3M) and positive DEX (+6.7M shares) consistent with trending flow

OI clusters: 800 put (6,751 OI) key support; 910 call resistance

Hedging evidence: Heavy put volume at 800 suggests hedging or bearish positioning

Max pain context: Max pain likely ~800; spot above, pin possible near 800

Signal vs Noise

~High put/call volume ratio (1.28) is signal of bearish bias

~Unusual put prints at 800 and 785 signal hedging

~Call additions at 910 signal bullish delta

~GEX/DEX mix signal trending

~Net premium $22M positive signal

Key Conclusions

📉Heavy put flow at 800 signals institutional hedging; spot vulnerable to pin.

📈Call accumulation at 910 shows upside bets despite mixed flow.

⚠️Mixed flow with negative gamma and positive delta suggests increased volatility.

How to Use These Reports

This flow reflects the market close on June 17, 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.