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LRCX

Lam Research CorporationClose $374.80EOD only

Max Pain

$370.00

Next expiry Jun 26, 2026

Expected Move

±$23.27

6.2% from close

Price Gap

-4.80

Distance to max pain

IV Rank

Low premium

P/C OI

1.07

Balanced positioning

Consensus

4.5/10

Range bias

Published snapshot: Jun 24, 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 24, 2026 close

LRCX Flow Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.6% from MP; +0.5 VIX 19

Watch next session: 415; 440

Flow Summary

Net premium: +$77.4M bullish

P/C volume ratio: 0.75

P/C OI ratio: 1.06

Bullish flow with heavy call buying and net premium. A large Aug $360 put buy (5,120 vol) signals hedging. Gamma positive pins spot near $400-410. Upside bias intact but hedged.

Notable Prints

LRCX 2026-08-21 $360.00 Put

Vol: 5,120

OI: 115

Vol/OI: 44.5x

IV: 79.5%

Notional: ~$15.9M

Intent: Bearish hedge

Read-through: Downside risk

LRCX 2026-06-26 $415.00 Call

Vol: 829

OI: 192

Vol/OI: 4.3x

IV: 62.8%

Notional: ~$242K

Intent: Bullish speculation

Read-through: Tomorrow move up

LRCX 2026-06-26 $362.50 Put

Vol: 487

OI: 119

Vol/OI: 4.1x

IV: 77.0%

Notional: ~$19K

Intent: Bearish speculation

Read-through: Crash protection

LRCX 2026-07-17 $490.00 Call

Vol: 1,032

OI: 274

Vol/OI: 3.8x

IV: 78.6%

Notional: ~$722K

Intent: Speculative bullish

Read-through: Long shot upside

LRCX 2026-07-17 $440.00 Call

Vol: 2,050

OI: 669

Vol/OI: 3.1x

IV: 78.0%

Notional: ~$3.6M

Intent: Bullish bet

Read-through: Medium-term upside

Institutional Positioning

Call additions: Calls added at 415, 490, 440, 402.5, 410, 420, 400 strikes across expirations.

Put additions: Put added at 360 (8/21, 5120 vol) and smaller at 362.5, 375.

GEX/DEX consistency: Bullish flow consistent with positive GEX +19.7M and DEX +20.1M shares.

OI clusters: Put OI concentration 22,678 at 360 (15.4% below spot) creating gamma flip near $340.

Hedging evidence: Large put at 360 likely hedging long exposure; also smaller puts.

Max pain context: Spot above MP by 8.6%; positive GEX suggests pinning higher but distance may limit.

Signal vs Noise

~Strong call volume across strikes and expirations is real bullish signal.

~High VIX (19) and vol regime amplify noise; large put block likely hedging, not directional.

Key Conclusions

🟢Institutions accumulating calls across multiple strikes; flow strongly bullish.

⚠️Large put hedge at 360 suggests downside protection; risk of reversal.

🔍Spot 8.6% above max pain; pinning may pull price lower despite positive GEX.

How to Use These Reports

This flow reflects the market close on June 25, 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.