thetaOwl

LITE

Lumentum Holdings Inc.Close $921.56EOD only
Max Pain
$800.00
Next expiry Jun 18, 2026
Expected Move
±$89.65
9.7% from close
Price Gap
-121.56
Distance to max pain
IV Rank
31
Middle-high premium
P/C OI
1.31
Slightly put-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
LITE AI Consensus Report
Analysis based on market close June 11, 2026

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

You are viewing an older report from June 11, 2026. A newer ai consensus report is available for June 12, 2026.

View latest report
Conviction
6.0

out of 10

Score is 6, not lower because of strong alignment across perspectives, but not higher due to moderate confidence (5/10) in each and the 62-day earnings horizon introducing macro uncertainty.

Where Perspectives Agree

All personas converge on a bearish bias due to heavy put flow, negative gamma, and spot trading below max pain at $900, with downside targets to $800.

Where They Diverge

No major conflicts: earnings are 62 days away, reducing event risk conflict, and flow supports the directional bearish thesis; theta's high IV environment does not contradict the bearish view.

Top Trade
via directional

Buy 2026-06-26 $850/$810 bear put spread for net debit of $15.00

Key Risk

Break below $800 flips dealer gamma to long, accelerating sell-off toward $750.

How to Use These Reports
This ai consensus reflects the market close on June 11, 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.