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LRCX

Lam Research CorporationClose $388.92EOD only

Max Pain

$270.00

Next expiry Jun 18, 2026

Expected Move

±$23.25

6.0% from close

Price Gap

-118.92

Distance to max pain

IV Rank

100

High premium

P/C OI

1.14

Slightly put-heavy

Consensus

7.0/10

Bearish tilt

Published snapshot: Jun 15, 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 15, 2026 close

LRCX Flow Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 36.8% from MP; +1 VIX 16

Watch next session: Monitor $340 Put activity; Deep ITM call volume

Flow Summary

Net premium: +$1.1B bullish

P/C volume ratio: 0.85

P/C OI ratio: 1.18

LRCX flow is mixed: positive GEX ($+18.3M) and DEX (+23.3M shares) suggest bullish support, but unusual $340 Put buying (22.8k vol) signals bearish speculation. Net premium high at $1.06B, with call volume slightly higher than puts (P/C vol 0.85). Market context: QQQ down 1.9%, VIX 16.4. Regime: high vol, pinning gamma. Deep ITM calls (e.g., $85, $95) show high IV, possibly rolling positions. Dominant bias is mixed with a slight bullish tilt due to positive dealer hedging.

Notable Prints

LRCX 2026-09-18 $340.00 Put

Vol: 22,858

OI: 156

Vol/OI: 146.5x

IV: 72.7%

Notional: ~$87.5M

Intent: Bearish hedge

Read-through: Large put buying signals downside concern

LRCX 2026-07-17 $500.00 Call

Vol: 1,429

OI: 117

Vol/OI: 12.2x

IV: 73.0%

Notional: ~$483K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

LRCX 2026-12-18 $140.00 Put

Vol: 4,034

OI: 653

Vol/OI: 6.2x

IV: 84.1%

Notional: ~$1.6M

Intent: Put replacement or arbitrage

Read-through: Deep ITM put volume suggests repositioning

LRCX 2026-06-18 $160.00 Call

Vol: 2,406

OI: 588

Vol/OI: 4.1x

IV: 375.0%

Notional: ~$50.9M

Intent: Bullish leveraged call buy

Dual read: Possibly data error due to extreme IV

Read-through: If real, indicates strong bullish conviction

LRCX 2026-06-26 $350.00 Put

Vol: 508

OI: 127

Vol/OI: 4.0x

IV: 68.6%

Notional: ~$452K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Deep ITM calls on weekly rolled; $500 call opened Jul.

Put additions: Massive $340 Sep put (22.9k vol) and $140 Dec put added.

GEX/DEX consistency: Positive GEX (+$18.3M) and DEX (+23.3M) align with pinning.

OI clusters: Put OI cluster at $290 (23k contracts).

Hedging evidence: Large put buying indicates downside hedging.

Max pain context: Spot above MP, pinning likely lower.

Signal vs Noise

~Large put volume on $340 Sep—real bearish signal

~Deep ITM call volume on weekly—noise from rolling

Key Conclusions

🛡️Institutions hedging downside via puts.

📌Positive GEX/MP above may pin lower.

How to Use These Reports

This flow reflects the market close on June 16, 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.