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LRCX

Lam Research CorporationClose $366.81EOD only

Max Pain

$250.00

Next expiry Jun 18, 2026

Expected Move

±$15.27

4.2% from close

Price Gap

-116.81

Distance to max pain

IV Rank

100

High premium

P/C OI

1.14

Slightly put-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

LRCX Flow Report

Analysis based on market close June 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 44.0% from MP; +1 VIX 16; override: Heavy put flow skews bearish despite positive GEX

Watch next session: $350; $370

Flow Summary

Net premium: +$96.9M bullish

P/C volume ratio: 1.71

P/C OI ratio: 1.14

Persistent put buying dominates, targeting $340–$360 through Aug. Net premium positive via high IV puts. GEX positive supports pinning, but skew bearish. Risks materialize if spot loses 350.

Notable Prints

LRCX 2026-08-21 $340.00 Put

Vol: 1,538

OI: 118

Vol/OI: 13.0x

IV: 74.0%

Notional: ~$4.0M

Intent: Bearish speculation

Dual read: Hedging long stock

Read-through: Expects significant downside by Aug

LRCX 2026-09-18 $350.00 Put

Vol: 1,256

OI: 108

Vol/OI: 11.6x

IV: 73.6%

Notional: ~$4.7M

Intent: Bearish bet on extended decline

Dual read: Possible hedging

Read-through: Anticipates further downside pressure

LRCX 2026-07-17 $360.00 Put

Vol: 2,512

OI: 314

Vol/OI: 8.0x

IV: 70.7%

Notional: ~$4.8M

Intent: Aggressive downside speculation

Dual read: Part of spread

Read-through: Expects move below $360 by July

LRCX 2026-12-18 $140.00 Put

Vol: 4,034

OI: 653

Vol/OI: 6.2x

IV: 84.4%

Notional: ~$1.6M

Intent: Long-shot bearish speculation

Dual read: Tail-risk hedge

Read-through: Extreme bearish long-term outlook

LRCX 2026-06-18 $430.00 Call

Vol: 476

OI: 114

Vol/OI: 4.2x

IV: 75.3%

Notional: ~$74K

Intent: Speculative upside bet

Dual read: Closing short calls

Read-through: Expects rally above $430 by Friday

Institutional Positioning

Call additions: Light call buying at 430 Jun18 and 360 Jul24

Put additions: Heavy put buying across expirations: 340 Aug, 350 Sep, 360 Jul, 140 Dec

GEX/DEX consistency: GEX +$18.5M positive, DEX +23.8M long gamma; put flow dominates volume

OI clusters: OI at 365 put (556), 140 put (653); gamma flip at 290

Hedging evidence: Deep OTM 140 put (IV 84%) suggests tail hedging; possible put spreads

Max pain context: Spot 44% above MP; GEX pinning may draw price toward 330-360 support

Signal vs Noise

~High vol/oi on 340 put (13x) and 350 put (11.6x) is real hedge demand

~Deep OTM 140 put (4034 vol) signals tail risk hedging

~430 call (476 vol) likely noise due to low OI and expiration proximity

Key Conclusions

🐻Heavy put accumulation implies bearish institutional positioning

⚠️Deep OTM puts indicate hedging for downside beyond 30%

📊Positive GEX/DEX supports near-term stability despite put flow

How to Use These Reports

This flow reflects the market close on June 15, 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.