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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 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
4.5

out of 10

4.5 not 6 due to conflict with earnings max pain and low confidence scores across all personas; alignment on direction is there but conviction is weak.

Where Perspectives Agree

All personas converge on bearish bias targeting $800 — dealer short-gamma, heavy put flow, and negative GEX reinforce downside.

Where They Diverge

Earnings highlights max pain at $908 and historical beat rate, suggesting possible upside pull that directly contradicts the bearish directional target of $800.

Top Trade
via directional

Buy 2026-06-26 $890/$845 put spread for $5.35 debit

Key Risk

Break below $800 flips dealer gamma from short to long, removing downside support and accelerating decline toward $640.

How to Use These Reports
This ai consensus reflects the market close on May 20, 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.