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LRCX

Lam Research CorporationClose $293.02EOD only
Max Pain
$307.50
Next expiry Aug 7, 2026
Expected Move
±$30.15
10.3% from close
Price Gap
+14.48
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
1.13
Slightly put-heavy
Consensus
4.0/10
Range bias
Published snapshot: Jul 31, 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
Jul 31, 2026 close
LRCX Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 17, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Put Credit Spread
Invalidation: Spot closes below $340 or VIX spikes >25.
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.9% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV 82% vs VIX 18.4 – elevated premiums
Favorable?
Yes

Term structure: Short-term IV high, slight contango then flattening

📊IV 82% vs VIX 18.4 offers rich premiums
🛡️Dealer GEX +$22.3M bullish supports pinning
⚠️Put OI heavy below $340; key support

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+22.3M)

Gamma flip: ~$340.00 — Approx — based on put OI concentration of 22,638 (9.1% below spot)

OI concentrations: Put OI heavy $220-$340, Call OI wall $460

Verdict: Pinning likely near $338-$340; bullish flow reduces downside risk.

Premium Opportunities

#1
Covered call
Buy shares + sell 2026-08-21 $390.00 call
Sell $390 call against long stock to capture premium.
Credit: $39.06-$47.74
Max loss: Stock downside to $0 less call premium
BE: $326.44
Mgmt: Monitor $340 invalidation; manage delta near expiry.

Risk Alerts

!Spot 10.9% above max pain – pullback risk
!Gamma flip at $340 – break below could accelerate selling
How to Use These Reports
This theta reflects the market close on June 17, 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.