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LITE

Lumentum Holdings Inc.Close $945.67EOD only
Max Pain
$927.50
Next expiry Sep 25, 2026
Expected Move
±$56.70
6.0% from close
Price Gap
-18.17
Distance to max pain
IV Rank
0
Low premium
P/C OI
1.36
Slightly put-heavy
Consensus
4.0/10
Bullish tilt
Published snapshot: Sep 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
Sep 22, 2026 close
LITE Flow Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 24, 2026. A newer flow report is available for June 26, 2026.

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Flow Verdict

BiasBearish
Confirmation: Put volume and OI remain elevated; spot stays below 800 gamma flip
Invalidation: Spot breaks above 800 or put volume drops sharply
Confidence:
4.5 / 10
base 5; -1 GEX/flow contradict; +0.5 VIX 19

Watch next session: 800 resistance; Put activity at 755

Flow Summary

Net premium: +$19.6M bullish

P/C volume ratio: 1.26

P/C OI ratio: 1.35

Heavy put dominance with net premium of $19.6M and unusual put print at $755. Negative GEX and spot below MP suggest bearish bias. Above-normal VIX adds caution.

Notable Prints

#1
LITE 2026-06-26 $755.00 Put
Vol: 269
OI: 145
Vol/OI: 1.9x
IV: 111.5%
Notional: ~$172K
Intent: Bearish directional bet ahead of expiration
Dual read: Hedge for long position or volatility play

Read-through: Expecting downside move, possible negative catalyst

Institutional Positioning

Call additions: Moderate; net premium positive but put volume higher, no unusual calls.

Put additions: Elevated; unusual put print at $755 (vol/OI 1.9, IV 111.5%)

GEX/DEX consistency: Consistent: negative gamma hedged by long delta (DEX +5.7M).

OI clusters: Put OI cluster at $755 (2,322 contracts, 5% below spot).

Hedging evidence: Unusual put at $755 for hedging; negative gamma forces delta hedging.

Max pain context: Unknown MP; spot below MP suggests potential upward pin.

Signal vs Noise

~Unusual put print: signal of institutional hedging.
~Net premium positive amid high put volume: noise, as notional may skew.
~Negative GEX with positive DEX: real hedging dynamics.

Key Conclusions

🔻Put accumulation at $755 signals downside hedging; put OI cluster reinforces resistance.
⚠️Negative gamma and positive delta increase volatility sensitivity; dealers may amplify moves.
📈Net premium positive suggests residual call interest; mixed flow warrants caution.
How to Use These Reports
This flow reflects the market close on June 24, 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.