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LRCX

Lam Research CorporationClose $371.33EOD only

Max Pain

$370.00

Next expiry Jun 26, 2026

Expected Move

±$27.25

7.3% from close

Price Gap

-1.33

Distance to max pain

IV Rank

Low premium

P/C OI

1.09

Balanced positioning

Consensus

8.0/10

Bullish tilt

Published snapshot: Jun 23, 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 23, 2026 close

LRCX Flow Report

Analysis based on market close June 24, 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); +0.5 spot 1.3% from MP; +0.5 VIX 19

Watch next session: 340 support; 385 call strike

Flow Summary

Net premium: +$47.7M bullish

P/C volume ratio: 0.82

P/C OI ratio: 1.07

Heavy call buying (particularly 385 strike) and positive GEX ($4.2M) support bullish bias. Net premium +$47.7M.

Notable Prints

LRCX 2026-06-26 $385.00 Call

Vol: 7,144

OI: 402

Vol/OI: 17.8x

IV: 85.6%

Notional: ~$5.2M

Intent: Aggressive bullish opening: high volume relative to low OI

Dual read: Could be closing short calls, but volume/oi ratio points to opening

Read-through: Strong bullish sentiment near expiration

LRCX 2026-07-17 $250.00 Put

Vol: 5,970

OI: 968

Vol/OI: 6.2x

IV: 91.9%

Notional: ~$836K

Intent: Speculative bearish bet or tail risk hedge

Dual read: Possibly selling puts for premium, but volume suggests opening

Read-through: Deep OTM put volume signals fear or expected downside

LRCX 2026-07-02 $395.00 Call

Vol: 331

OI: 120

Vol/OI: 2.8x

IV: 79.4%

Notional: ~$344K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

LRCX 2026-07-02 $340.00 Call

Vol: 230

OI: 104

Vol/OI: 2.2x

IV: 82.6%

Notional: ~$816K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

LRCX 2026-07-17 $510.00 Call

Vol: 304

OI: 147

Vol/OI: 2.1x

IV: 77.3%

Notional: ~$46K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive call buying at $385 (6/26), $395 (7/2), $340, $510, $500.

Put additions: Put activity at $250 (7/17) and long-dated $71 (1/27) tail hedge.

GEX/DEX consistency: Yes: positive GEX and DEX align with call flow, supporting pinning near $385.

OI clusters: Large OI at $385 calls and $350 puts, gamma flip at $340.

Hedging evidence: Tail hedge via $71 put and $250 put.

Max pain context: Spot above MP, gamma pinning expected $340-$385, GEX positive.

Signal vs Noise

~Signal: $385 call vol/OI 17.8x, $250 put 6.2x, $71 put tail hedge, positive GEX/DEX alignment.

~Noise: VIX 19 moderate, minor $500 call print.

Key Conclusions

📊Institutions add upside calls, but volume moderate; flow aligns with gamma pinning near $385.

⚠️Long-dated put tail at $71 and $250 put suggest downside hedge, caution ahead.

How to Use These Reports

This flow reflects the market close on June 24, 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.