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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 Theta 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.

Theta Verdict

Confidence:

8 / 10

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

IV Environment

IV Regime

High

IV vs VIX

IV at 82.6% vs VIX at 18.4, extreme premium.

Favorable?

Yes

Term structure: Term structure elevated across all tenors, with front-end skew (put IV 145% vs call 78.5%).

💰IV rank high; premium selling attractive but watch pin risk.

📈Put skew extreme: 0DTE puts at 145% IV signals hedging demand.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+13.5M)

Gamma flip: ~$340.00 — Approx — based on put OI concentration of 22,686 (10.3% below spot)

OI concentrations: Call wall $400-$460, put floor $240-$360. Max pain pins at $370 (today), $355 (7/2), $350 (7/10).

Verdict: High pin risk; spot at $375 above max pain, but put OI heavy below may attract price.

Premium Opportunities

Put credit spread

Sell 2026-07-31 $345.00/$300.00 put spread

Sell $345/$300 put spread to capture elevated premium while limiting downside risk.

Credit: $11.68-$14.27

Max loss: $30.73

BE: $330.73

Mgmt: Monitor for spot break below $370 invalidation; consider early close if IV collapses. Liquidity warning: Liquidity constraints: short_put: Open interest below 25.

Risk Alerts

!Earnings or events? None noted.

!Gamma flip at $340; break below accelerates selling.

How to Use These Reports

This theta 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.