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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 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +1 VIX 17

Watch next session: $900; $1000; $850 gamma flip

Flow Summary

Net premium: +$87.2M bullish

P/C volume ratio: 0.85

P/C OI ratio: 1.44

Heavy call buying dominates unusual prints, skewing bullish. However, puts still hold higher open interest and GEX is negative, creating a mixed sentiment. The large premium flow supports a short-term bullish bias, but caution is warranted near key gamma levels.

Notable Prints

LITE 2026-06-26 $1100.00 Call

Vol: 2,074

OI: 309

Vol/OI: 6.7x

IV: 107.9%

Notional: ~$597K

Intent: Bullish speculation

Dual read: Closing short calls

Read-through: Aggressive upside bet

LITE 2026-06-26 $1050.00 Call

Vol: 774

OI: 160

Vol/OI: 4.8x

IV: 104.7%

Notional: ~$441K

Intent: Bullish momentum play

Dual read: Short covering

Read-through: Expects further upside

LITE 2026-06-26 $850.00 Call

Vol: 551

OI: 126

Vol/OI: 4.4x

IV: 94.3%

Notional: ~$3.7M

Intent: Covered call or closing

Dual read: Bullish roll-up

Read-through: May indicate profit taking

LITE 2026-06-26 $1000.00 Call

Vol: 1,537

OI: 420

Vol/OI: 3.7x

IV: 101.2%

Notional: ~$1.6M

Intent: Bullish speculation

Dual read: Hedge for short position

Read-through: High conviction near-term rally

LITE 2026-06-26 $900.00 Call

Vol: 911

OI: 253

Vol/OI: 3.6x

IV: 96.7%

Notional: ~$3.4M

Intent: Bullish speculation

Dual read: Closing short calls

Read-through: Supports bullish bias

Institutional Positioning

Call additions: Aggressive call buying at $1100, $1050, $1000, $900, $850 strikes; vol/oi up to 6.7x.

Put additions: Modest put buying at $710 (Jul) and $540 (Nov); OI dominated by puts (ratio 1.44).

GEX/DEX consistency: GEX negative (-$468K) vs DEX positive (+5.4M shares); mixed signals.

OI clusters: Put OI concentrated ~$850 (gamma flip). High strike calls OI spreading.

Hedging evidence: Long-dated Nov $540 put and Jul $710 put suggest downside hedge.

Max pain context: Spot above MP; pinning pressure likely downward toward $850.

Signal vs Noise

~Signal: massive call buying at high strikes with high vol/oi ratios.

~Signal: put OI concentration at $850 acting as gamma flip.

~Noise: put volume is relatively small vs total premium.

~Noise: VIX 17 is elevated but not extreme.

Key Conclusions

📈Bold call buying at strikes up to $1100 signals aggressive bullish bets.

⚠️Negative GEX and put OI dominance warn of potential pin to $850.

How to Use These Reports

This flow reflects the market close on June 22, 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.