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LITE

Lumentum Holdings Inc.Close $893.93EOD only

Max Pain

$875.00

Next expiry Jun 26, 2026

Expected Move

±$79.55

8.9% from close

Price Gap

-18.93

Distance to max pain

IV Rank

Low premium

P/C OI

1.44

Slightly put-heavy

Consensus

6.0/10

Consensus signal

Published snapshot: Jun 22, 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 22, 2026 close

LITE Flow Report

Analysis based on market close June 23, 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; -0.5 spot 4.6% from MP; +0.5 VIX 19

Watch next session: Monitor $1000 call OI change

Flow Summary

Net premium: +$21.5M bullish

P/C volume ratio: 0.88

P/C OI ratio: 1.38

Heavy bullish call flow with long-dated buying dominates despite negative gamma and spot below MP. Net premium positive, put/call volume ratio below 1. Confidence in upside.

Notable Prints

LITE 2026-06-26 $1000.00 Call

Vol: 2,154

OI: 989

Vol/OI: 2.2x

IV: 106.7%

Notional: ~$426K

Intent: Short-term speculative bullish bet

Dual read: Could be short call sale for premium decay

Read-through: Expects sharp near-term upside or volatility.

LITE 2026-12-18 $1500.00 Call

Vol: 415

OI: 195

Vol/OI: 2.1x

IV: 99.1%

Notional: ~$3.3M

Intent: Long-term bullish outlook or volatility premium bet

Read-through: Bet on significant price appreciation by year-end.

LITE 2026-06-26 $935.00 Call

Vol: 195

OI: 100

Vol/OI: 1.9x

IV: 104.3%

Notional: ~$109K

Intent: Directional bullish wager near expiry

Dual read: Possible part of a call spread

Read-through: Similar to $1000 call but lower leverage.

Institutional Positioning

Call additions: Large call buys at $1000 (6/26) and $1500 (12/18)

Put additions: Put OI concentration of 2,312 contracts 3.4% below spot

GEX/DEX consistency: GEX -$2.7M vs DEX +5.7M shares; gamma flip near $800 signals mixed hedging

OI clusters: Call OI clusters: $1000 (989), $1500 (195), $935 (100); put cluster near $800

Hedging evidence: Put concentration suggests downside hedging; call flow may be speculative

Max pain context: Spot below max pain; drift toward MP expected

Signal vs Noise

~High vol/oi ratio at $1000 and $1500 calls is real signal

~Net premium +$21.5M confirms institutional interest

~Low vol/oi elsewhere is noise

Key Conclusions

📈Aggressive call buying at $1000 shows bullish bets despite market weakness

⚠️Put concentration 3.4% below spot provides gamma floor, limiting downside

🔄Mixed GEX/DEX and gamma flip at $800 suggest range-bound near-term

How to Use These Reports

This flow reflects the market close on June 23, 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.