thetaOwl

LITE

Lumentum Holdings Inc.Close $964.50EOD only
Max Pain
$900.00
Next expiry May 22, 2026
Expected Move
±$40.70
4.2% from close
Price Gap
-64.50
Distance to max pain
IV Rank
10
Low premium
P/C OI
1.40
Slightly put-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: May 21, 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
May 21, 2026 close
LITE AI Consensus Report
Analysis based on market close April 6, 2026

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

You are viewing an older report from April 6, 2026. A newer ai consensus report is available for May 21, 2026.

View latest report
Conviction
5.0

out of 10

5 not higher because the neutral-to-bearish directional thesis conflicts with bullish flow elements, and high IV with earnings risk adds volatility that could disrupt the pin, reducing overall confidence.

Where Perspectives Agree

Strong pinning effect around $750 due to positive GEX and max pain, with high IV providing a rich environment for premium selling.

Where They Diverge

Directional outlook is neutral-to-bearish with downside magnet to $750, but flow data shows mixed signals with net premium bullish and P/C mixed, creating uncertainty on the bearish bias.

Top Trade
via theta

Sell $800 call 4/17 for premium income, capitalizing on high IV and pinning to $750.

Key Risk

Break below $650 flips gamma long, breaking the pin and accelerating downside toward lower support levels.

How to Use These Reports
This ai consensus reflects the market close on April 6, 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.