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LITE

Lumentum Holdings Inc.Close $850.00EOD only

Max Pain

$900.00

Next expiry Jun 26, 2026

Expected Move

±$87.95

10.3% from close

Price Gap

+50.00

Distance to max pain

IV Rank

100

High premium

P/C OI

1.33

Slightly put-heavy

Consensus

4.0/10

Bearish tilt

Published snapshot: Jun 18, 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 18, 2026 close

LITE Flow Report

Analysis based on market close June 18, 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 6.2% from MP; +1 VIX 16

Watch next session: 850 call activity; 800 put protection

Flow Summary

Net premium: +$32.3M bullish

P/C volume ratio: 1.20

P/C OI ratio: 1.33

Heavy call speculation on weekly expirations but put/call ratios >1 and negative GEX. Mixed flow, positive net premium but put dominance. High vol regime. Watch gamma flip at 800.

Notable Prints

LITE 2026-06-26 $950.00 Call

Vol: 2,363

OI: 220

Vol/OI: 10.7x

IV: 83.7%

Notional: ~$3.2M

Intent: Bullish speculation

Dual read: Short squeeze

Read-through: Upside risk

LITE 2026-06-18 $870.00 Call

Vol: 926

OI: 188

Vol/OI: 4.9x

IV: 20.5%

Notional: ~$42K

Intent: Bullish bet

Dual read: Earnings play

Read-through: Near-term pop

LITE 2026-06-18 $860.00 Call

Vol: 787

OI: 226

Vol/OI: 3.5x

IV: 21.1%

Notional: ~$13K

Intent: Bullish bet

Dual read: Earnings play

Read-through: Near-term pop

LITE 2026-06-18 $875.00 Call

Vol: 349

OI: 102

Vol/OI: 3.4x

IV: 47.1%

Notional: ~$4K

Intent: Bullish bet

Dual read: Earnings play

Read-through: Near-term pop

LITE 2026-07-17 $730.00 Put

Vol: 363

OI: 113

Vol/OI: 3.2x

IV: 88.2%

Notional: ~$1.2M

Intent: Bearish hedge

Dual read: Protective put

Read-through: Downside fear

Institutional Positioning

Call additions: Aggressive call buys at 870-950 expiring 6/18-6/26

Put additions: Put protection at 730 (7/17) and 590 (7/2)

GEX/DEX consistency: Inconsistent: GEX negative, DEX positive

OI clusters: Put OI concentration at 800 (gamma flip level)

Hedging evidence: Long-dated puts suggest downside hedge

Max pain context: Spot above max pain, potential pin lower

Signal vs Noise

~High vol/oi ratios on calls (10.7x, 4.9x) are real signal

~Put/call ratios >1 but net premium positive may be noise

Key Conclusions

📈Large call buying at 950 and 870-875 indicates bullish short-term bets

⚠️Put additions at 730 and 590 plus negative gamma warn of downside risk

⚖️Mixed flow with net positive premium but bearish ratios; stay neutral

How to Use These Reports

This flow reflects the market close on June 18, 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.