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LITE

Lumentum Holdings Inc.Close $842.53EOD only

Max Pain

$860.00

Next expiry Jun 26, 2026

Expected Move

±$58.80

7.0% from close

Price Gap

+17.47

Distance to max pain

IV Rank

Low premium

P/C OI

1.35

Slightly put-heavy

Consensus

5.0/10

Bearish tilt

Published snapshot: Jun 24, 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 24, 2026 close

LITE Flow Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +0.5 VIX 19

Watch next session: $850 support; $900 resistance; Put/OI shift

Flow Summary

Net premium: +$25.8M bullish

P/C volume ratio: 1.16

P/C OI ratio: 1.33

Recent heavy call buying; put OI dominant from earlier positioning. GEX positive, DEX positive. Net premium +$25.8M. Key gamma flip $850. Mixed flow suggests pinning.

Notable Prints

LITE 2026-06-26 $900.00 Call

Vol: 2,254

OI: 737

Vol/OI: 3.1x

IV: 71.5%

Notional: ~$1.1M

Intent: Speculative bullish bet on massive move; high IV and 0DTE.

Dual read: Could hedge short stock or cover short calls, but volume>OI suggests opening.

Read-through: Aggressive bullish sentiment, likely expecting event-driven volatility.

LITE 2026-06-26 $915.00 Call

Vol: 441

OI: 160

Vol/OI: 2.8x

IV: 82.7%

Notional: ~$137K

Intent: Similar speculative call buying at even higher strike.

Dual read: May be part of a spread or lottery ticket.

Read-through: Adds to upside speculation, but smaller scale.

LITE 2026-07-02 $800.00 Put

Vol: 296

OI: 155

Vol/OI: 1.9x

IV: 94.9%

Notional: ~$607K

Intent: Protective put buying or bearish speculation; high IV indicates fear.

Dual read: Could be closing short puts? But volume>OI suggests new bearish positions.

Read-through: Hedging or bearish view, conflicting with calls suggests mixed sentiment.

Institutional Positioning

Call additions: +2254 at $900C, +441 at $915C (near-dated)

Put additions: +296 at $800P (next week)

GEX/DEX consistency: GEX positive, DEX positive; flow mixed but aligned with bullish gamma

OI clusters: Call OI 737@900, 160@915; Put OI 3,556@850 (below spot) and 155@800

Hedging evidence: Large put OI at 850 suggests hedging downside; $800P bet for protection

Max pain context: Spot near $862.5 MP; pinning expected; gamma flip at $850

Signal vs Noise

~High volume in $900C (3.1x OI) is real call buying; $915C also notable but smaller

~Put/call volume ratio 1.16 and OI ratio 1.33 reflect mixed sentiment; ignore headline skew

~VIX 19 is moderate, not extreme; ignore volatility noise

Key Conclusions

💰Call accumulation at $900/$915, but put/call ratios (vol 1.16, OI 1.33) indicate bearish skew; mixed signal

⚠️Heavy put OI at $850 acts as downside magnet; potential for gamma squeeze if breached

How to Use These Reports

This flow reflects the market close on June 25, 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.