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LRCX

Lam Research CorporationClose $369.34EOD only
Max Pain
$270.00
Next expiry Jun 18, 2026
Expected Move
±$17.65
4.8% from close
Price Gap
-99.34
Distance to max pain
IV Rank
94
High premium
P/C OI
1.18
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 16, 2026 close
End-of-day snapshot

This page reflects LRCX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 16, 2026 close
LRCX Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

LRCX earnings Jul 29; strong historical beat rate, bullish flow, but elevated IV and pinning near $340 support.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.9% from MP; +0.5 VIX 18
Most important: 100% beat rate, bullish flow, call OI wall at $460, gamma flip at $340.
📊100% beat rate (5/5 quarters); avg beat ~5%.
⚠️Put OI concentration at $340 (9.1% below spot) key support.
🔮Deep OTM put buying suggests tail risk hedge.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$340.00 — Approx — based on put OI concentration of 22,638 (9.1% below spot)

Earnings Overview

Next earnings: 2026-07-29 (42 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$15.97 (4.3%)
  • 2026-06-26 (9d): ±$36.72 (9.8%)
  • 2026-07-02 (15d): ±$46.00 (12.3%)

IV Setup

Term structure: 1d ~4.3%, 9d ~9.8%, 15d ~12.3%; steep contango.

Crush estimate: IV crush likely 30-40% post-earnings.

Skew: Put skew elevated; deep OTM puts show extreme IV (517% at $125).

Historical Context

Beat rate: 100% (5/5 quarters)

Avg move vs expected: Historical moves slightly above implied; 100% beat rate suggests upside tendency.

Directional bias: Bullish bias from consistent beats.

Key Levels

1$340.00 gamma flip
2EM guardrails: 2d $358.20/$390.15; 1w $337.45/$410.90
3Max pain pins: $338 (2026-06-18); $335 (2026-06-26); $325 (2026-07-02)

Flow Highlights

Unusual put buying at $125 and $140 strikes, vol/OI >6

Tail risk hedging, not directional.

Call OI wall at $460; put floor $220-$340

Resistance $460, support near $340 gamma flip.

Strategies

Long Strangle Post-Earnings
Buy 2026-08-21 $340.00 put + buy $480.00 call
Debit: $44.64-$54.56
Max loss: $54.56
Max gain: Unlimited
BE: 285.44 / 534.56
Trigger: Set 20% profit target; cut loss if stock stays within wings.
Lower premium captures upside bias with wide wings.
Outperforms: Buy out-of-the-money put and call after earnings, benefiting from large moves.
Underperforms: Insufficient realized move reduces long-strangle edge.
Long Straddle Post-Earnings
Buy 2026-08-21 $400.00 put + buy $400.00 call
Debit: $91.19-$111.46
Max loss: $111.46
Max gain: Unlimited
BE: 288.54 / 511.46
Trigger: Close if move exceeds 2x premium; exit if no movement.
Directly profits from large post-earnings move, though costlier.
Outperforms: Buy at-the-money put and call after earnings.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Short strangle
Sell 2026-06-26 $350.00 put + sell $397.50 call
Credit: $16.45-$20.10
Max loss: Unlimited
Max gain: $20.10
BE: 329.90 / 417.60
Elevated IV near earnings, historical beat rate high, stock pinned at support; short strangle captures time decay and avoids IV crush by closing before earnings.
Outperforms: Pre-earnings premium harvest using elevated IV; support at $340, resistance near $460 (limited to 397.5 call).
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!IV crush post-earnings erodes premium.
!Break below $340 gamma flip could accelerate selling.
!Elevated VIX (18.4) adds macro risk.

What to Watch

?Price action near $340 support and $460 resistance.
?Earnings Jul 29; monitor guidance and demand signals.
?Dec 2026 $140 put activity for hedging.
How to Use These Reports
This earnings reflects the market close on June 17, 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.