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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 May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
7.0

out of 10

7 not 8 because earnings in 7 days is a binary event that could invalidate the bullish pin thesis; if spot holds above $910 through earnings, conviction rises to 9.

Where Perspectives Agree

Bullish bias with upside to $1031, supported by positive dealer gamma and institutional flow, but high IV and earnings risk constrain conviction.

Where They Diverge

Earnings IV term structure implies post-event IV crush, undermining bullish directional strategies that rely on holding through the event; also, put flow versus positive GEX creates mixed signals.

Top Trade
via earnings

Sell 2026-05-29 $920/$910 put spread and $970/$980 call spread iron condor for $2.50 credit.

Key Risk

Break below $910 flips dealer gamma long and triggers stop-loss cascade; downside accelerates to $800.

How to Use These Reports
This ai consensus reflects the market close on May 22, 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.