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LITE

Lumentum Holdings Inc.Close $861.97EOD only

Max Pain

$860.00

Next expiry Jun 26, 2026

Expected Move

±$35.45

4.1% from close

Price Gap

-1.97

Distance to max pain

IV Rank

Low premium

P/C OI

1.33

Slightly put-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 25, 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 25, 2026 close

LITE Flow Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6 / 10

base 5; +1 GEX/flow weakly aligned; -0.5 spot 4.4% from MP; +0.5 VIX 18

Watch next session: Monitor $820 call expiration today; Check $7/2 strikes for continuation

Flow Summary

Net premium: -$962K bearish

P/C volume ratio: 0.81

P/C OI ratio: 1.30

Aggressive OTM call buying on 6/26 $820 (10,710 vol) and other strikes, despite market weakness and net premium negative. Call volume ratio 0.81 supports short-term bullish flow, but put OI heavy. Mixed regime with high vol.

Notable Prints

LITE 2026-06-26 $820.00 Call

Vol: 10,710

OI: 509

Vol/OI: 21.0x

IV: 19.3%

Notional: ~$1.9M

Intent: Bull speculation

Dual read: Possible roll

Read-through: Expects move above 820

LITE 2026-06-26 $830.00 Call

Vol: 555

OI: 110

Vol/OI: 5.0x

IV: 36.5%

Notional: ~$3K

Intent: Lottery

Read-through: Speculative

LITE 2026-07-02 $650.00 Put

Vol: 965

OI: 295

Vol/OI: 3.3x

IV: 96.4%

Notional: ~$207K

Intent: Downside hedge

Dual read: Bearish bet

Read-through: Protection at 650

LITE 2026-07-02 $900.00 Call

Vol: 539

OI: 239

Vol/OI: 2.3x

IV: 76.8%

Notional: ~$523K

Intent: Upside bet

Read-through: Expects spike

LITE 2026-07-17 $820.00 Call

Vol: 223

OI: 109

Vol/OI: 2.0x

IV: 87.7%

Notional: ~$1.5M

Intent: Call buying

Dual read: Position rolling

Read-through: Bullish mid-term

Institutional Positioning

Call additions: 10.7k vol at $820C (6/26), plus $830C, $900C, $850C for July expiries

Put additions: 965 vol at $650P (7/2), 519 vol at $560P (7/17), 216 vol at $735P (6/26)

GEX/DEX consistency: GEX -$3.5M, DEX +5.7M; dealers long spot but negative gamma; flow mixed, leans bearish

OI clusters: Call OI: $820 (509), $900 (239), $850 (147); Put OI: $560 (305), $650 (295), $735 (111)

Hedging evidence: High IV in puts (96-143%) and gamma flip near $800 suggest hedging of long spot positions

Max pain context: Spot $735 below MP; gamma flip at $800; max pain likely $750-800 range

Signal vs Noise

~Signal: massive $820C block (10.7k vol) and consistent put buying in July for tail risk

~Noise: small $830C and $735P prints likely retail or adjustments

Key Conclusions

📊Massive $820C buying signals institutional bullish bet into June expiry

⚠️Put accumulation in July at $560 and $650 with elevated IV warns of downside hedging

How to Use These Reports

This flow reflects the market close on June 26, 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.