thetaOwl

LITE

Lumentum Holdings Inc.Close $868.07EOD only
Max Pain
$907.50
Next expiry May 22, 2026
Expected Move
±$61.90
7.1% from close
Price Gap
+39.43
Distance to max pain
IV Rank
5
Low premium
P/C OI
1.40
Slightly put-heavy
Consensus
4.5/10
Bearish tilt
Published snapshot: May 20, 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 20, 2026 close
LITE AI Consensus Report
Analysis based on market close May 19, 2026

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

You are viewing an older report from May 19, 2026. A newer ai consensus report is available for May 20, 2026.

View latest report
Conviction
4.0

out of 10

4 not 5 because Theta's bullish put selling undermines bearish alignment, reducing conviction.

Where Perspectives Agree

Bearish bias with downside to $744 support, amplified by negative dealer gamma and heavy put flow.

Where They Diverge

Theta's short puts at $744 support conflict with bearish directional/flow consensus; if spot breaks $800, puts lose.

Top Trade
via directional

Buy June 5 $820/$765 bear put spread for $2.35 debit

Key Risk

Break below $800 triggers gamma flip, accelerating selling to $744 support.

How to Use These Reports
This ai consensus reflects the market close on May 19, 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.