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LRCX

Lam Research CorporationClose $409.54EOD only

Max Pain

$370.00

Next expiry Jun 26, 2026

Expected Move

±$32.23

7.9% from close

Price Gap

-39.54

Distance to max pain

IV Rank

Low premium

P/C OI

1.09

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 22, 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 22, 2026 close

LRCX Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.4% from MP; +0.5 VIX 19

Watch next session: $400; $340

Flow Summary

Net premium: +$48.5M bullish

P/C volume ratio: 0.89

P/C OI ratio: 1.09

Aggressive call buying at $400 and put buying at $340 amid market selloff. Net premium positive, GEX positive, though OI leans put. Spot at max pain. High VIX suggests hedging, but call volume dominant. Confidence high.

Notable Prints

LRCX 2026-06-26 $400.00 Call

Vol: 8,848

OI: 608

Vol/OI: 14.6x

IV: 88.5%

Notional: ~$3.7M

Intent: Aggressive bullish bet on short-term upside

Read-through: Expects large move before expiry

LRCX 2026-06-26 $340.00 Put

Vol: 1,384

OI: 340

Vol/OI: 4.1x

IV: 92.3%

Notional: ~$435K

Intent: Hedging downside at gamma flip support

Dual read: Could be covering short positions

Read-through: Risk management near key level

LRCX 2026-06-26 $390.00 Call

Vol: 1,414

OI: 433

Vol/OI: 3.3x

IV: 89.2%

Notional: ~$911K

Intent: Bullish speculation on moderate upside

Read-through: Anticipates bounce or event

LRCX 2026-12-18 $320.00 Put

Vol: 404

OI: 136

Vol/OI: 3.0x

IV: 75.3%

Notional: ~$2.0M

Intent: Protective put for long-term holdings

Dual read: Bearish outlook on tech sector

Read-through: Long-term downside hedge

LRCX 2026-12-18 $480.00 Call

Vol: 444

OI: 185

Vol/OI: 2.4x

IV: 79.6%

Notional: ~$2.1M

Intent: Speculative long-term bullish bet

Dual read: Covering short calls

Read-through: Expects recovery or growth

Institutional Positioning

Call additions: 400C, 390C, 425C, 480C (Dec)

Put additions: 340P, 320P (Dec), 380P (Oct), 71P (Jan27)

GEX/DEX consistency: GEX +1.7M, DEX +18.4M, both positive and aligned with call flow

OI clusters: 400C call OI ~608 (vol 8.8k), 340P put OI ~22.6k

Hedging evidence: Deep OTM 71P Jan27 as tail hedge

Max pain context: Spot at MP, pinning expected

Signal vs Noise

~Heavy 400C volume (14.6x) is signal

~340P volume (4.1x) is signal

~Low ratio prints like 345P (1.6) and 260P (1.8) are noise

~71P is noise: low strike, probable small position

Key Conclusions

📊Flow mixed: aggressive 400C calls but put hedging (340P, 71P) caps upside; spot at MP pinning likely.

How to Use These Reports

This flow reflects the market close on June 23, 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.