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LRCX

Lam Research CorporationClose $230.10EOD only
Max Pain
$262.50
Next expiry Oct 30, 2026
Expected Move
±$16.02
7.0% from close
Price Gap
+32.40
Distance to max pain
IV Rank
6
Low premium
P/C OI
1.00
Balanced positioning
Consensus
4.0/10
Range bias
Published snapshot: Oct 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
Oct 23, 2026 close
LRCX Theta Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 12, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short put spread near $320
Invalidation: Spot breaks below $290 gamma flip
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 14.6% from MP; +1 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 83% vs VIX 17.7; elevated skew
Favorable?
Yes

Term structure: 0DTE put IV 372 vs call 78; extreme front skew

⚠️High premium but gamma risk from put skew

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+25.3M)

Gamma flip: ~$290.00 — Approx — based on put OI concentration of 22,917 (20.9% below spot)

OI concentrations: Max pain: $320 front, $250 week2, $310 week3

Verdict: Put-heavy OI below spot; pin risk at $320 front expiry

Premium Opportunities

#1
Put credit spread
Sell 2026-07-24 $350.00/$345.00 put spread
Sell $350/$345 put spread, 7/24 expiry, captures pre-earnings premium.
Credit: $1.98-$2.42
Max loss: $2.58
BE: $347.58
Mgmt: Exit near max gain or if spot approaches $323.61 invalidation. Liquidity warning: Liquidity constraints: short_put: Volume below 5.; long_put: Open interest below 25.

Risk Alerts

!Gamma flip at $290
!Dealer long $25.3M gamma
!Put/Call OI ratio 1.14 suggests put positioning
How to Use These Reports
This theta reflects the market close on June 12, 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.