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LRCX

Lam Research CorporationClose $389.04EOD only

Max Pain

$347.50

Next expiry Jun 26, 2026

Expected Move

±$34.45

8.9% from close

Price Gap

-41.54

Distance to max pain

IV Rank

100

High premium

P/C OI

1.32

Slightly put-heavy

Consensus

7.0/10

Downside lean

Published snapshot: Jun 18, 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 18, 2026 close

LRCX Flow Report

Analysis based on market close June 22, 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 10.7% from MP; +1 VIX 17

Watch next session: $380; $400; $420

Flow Summary

Net premium: +$75.4M bullish

P/C volume ratio: 0.97

P/C OI ratio: 1.09

Net long premium $75M with positive GEX ($7.4M) and DEX (+18.8M shares). Notable concentrated put buying at $380 (3.7x OI) and call activity at $420, $450. Mixed flow but dealer gamma pinning supports upside. VIX elevated, but high confidence in near-term support.

Notable Prints

LRCX 2026-06-26 $380.00 Put

Vol: 593

OI: 161

Vol/OI: 3.7x

IV: 91.4%

Notional: ~$358K

Intent: Bearish put buying for downside hedge or speculation.

Dual read: Could be sold to collect premium.

Read-through: Bearish sentiment near term.

LRCX 2026-06-26 $420.00 Call

Vol: 407

OI: 192

Vol/OI: 2.1x

IV: 85.4%

Notional: ~$463K

Intent: Bullish call buying on potential near-term upside.

Read-through: Bullish.

LRCX 2027-01-15 $71.00 Put

Vol: 690

OI: 370

Vol/OI: 1.9x

IV: 121.2%

Notional: ~$144K

Intent: Long-dated tail hedge against extreme downside.

Read-through: Bearish tail risk.

LRCX 2026-08-21 $450.00 Call

Vol: 828

OI: 462

Vol/OI: 1.8x

IV: 80.1%

Notional: ~$3.1M

Intent: Bullish call buying for sustained rally.

Read-through: Bullish.

Institutional Positioning

Call additions: Calls at $420 (Jun26) and $450 (Aug21); net premium $75M bullish.

Put additions: Puts at $380 (Jun26) and $71 (Jan27); put OI ratio 1.09.

GEX/DEX consistency: Both positive: GEX +$7.4M, DEX +18.8M shares.

OI clusters: Put OI cluster at $340 (gamma flip); $380 put OI 161; $420 call OI 192.

Hedging evidence: Long-dated $71 put suggests downside hedge; put OI >1.

Max pain context: Spot above MP; gamma pinning likely near $340.

Signal vs Noise

~Net premium $75M signal of institutional bullish flow

~Unusual prints signal active positioning at key strikes

~GEX/DEX consistency confirms bullish bias

~Gamma flip at $340 is key support level

Key Conclusions

🟢Institutions adding calls at $420 and $450; bullish flow.

🟡Put hedging via $71 put suggests downside caution.

🟢Gamma flip at $340 provides support; positive GEX/DEX.

How to Use These Reports

This flow reflects the market close on June 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.