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LRCX

Lam Research CorporationClose $401.82EOD only

Max Pain

$370.00

Next expiry Jun 26, 2026

Expected Move

±$14.70

3.7% from close

Price Gap

-31.82

Distance to max pain

IV Rank

Low premium

P/C OI

1.06

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 25, 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 25, 2026 close

LRCX Flow Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 18

Watch next session: 340; 400

Flow Summary

Net premium: +$25.6M bullish

P/C volume ratio: 1.01

P/C OI ratio: 1.06

Heavy put activity on weekly 370/360 and long-dated 340 puts signals defensive positioning. Calls at 400/430 show limited upside bets. Net premium positive but mixed flow; high vol and pinning gamma support bearish bias near 340.

Notable Prints

LRCX 2026-07-02 $370.00 Put

Vol: 1,654

OI: 124

Vol/OI: 13.3x

IV: 76.1%

Notional: ~$2.1M

Intent: Bearish speculation

Read-through: Expects drop below 370

LRCX 2026-07-02 $360.00 Put

Vol: 2,525

OI: 193

Vol/OI: 13.1x

IV: 76.9%

Notional: ~$1.9M

Intent: Bearish bet

Read-through: Target 360

LRCX 2026-07-02 $275.00 Put

Vol: 598

OI: 235

Vol/OI: 2.5x

IV: 108.0%

Notional: ~$15K

Intent: Lottery put

Read-through: Tail risk hedge

LRCX 2026-07-02 $400.00 Call

Vol: 1,589

OI: 692

Vol/OI: 2.3x

IV: 74.8%

Notional: ~$1.2M

Intent: Bullish call buying

Read-through: Expects rise above 400

LRCX 2026-07-02 $430.00 Call

Vol: 350

OI: 154

Vol/OI: 2.3x

IV: 78.5%

Notional: ~$97K

Intent: Bullish spread

Read-through: Upside speculation

Institutional Positioning

Call additions: 07-02 $400C (1589 vol, 692 OI), $430C (350 vol, 154 OI); 06-26 $382.5C (278 vol, 151 OI)

Put additions: 07-02 $370P (1654 vol, 124 OI), $360P (2525 vol, 193 OI), $275P (598 vol, 235 OI), $375P (233 vol, 142 OI); 11-20 $340P (525 vol, 313 OI); 01-15 $71P (690 vol, 370 OI)

GEX/DEX consistency: Positive GEX ($13.5M) and DEX (+19.4M shares) consistent with bullish delta despite mixed flow

OI clusters: Put OI concentration at $340 (gamma flip, 22.7k OI); call OI at $400 (1.4k) and $430

Hedging evidence: 07-02 put sweeps at $370, $360 suggest near-term hedging or bearish bets

Max pain context: Spot above Max Pain; positive gamma may pin price near current levels

Signal vs Noise

~07-02 put sweeps at $370 and $360 (vol/OI >13) are strong signal of bearish positioning

~07-02 calls at $400 and $430 (vol/OI ~2.3) signal upside speculation

~Long-dated $340P (11-20) and $71P (01-15) low volume; likely noise or tail hedge

~06-26 $382.5C (0 DTE, IV 22%) is expiration noise

Key Conclusions

🛡️Near-term put activity at $370-$360 signals aggressive downside protection or bearish bet

🚀Upside calls at $400 and $430 indicate speculative bullish appetite

⚠️Positive gamma and DEX pinning but mixed flow; monitor for breakout below $340 flip

How to Use These Reports

This flow reflects the market close on June 26, 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.