Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
LITE options intelligence
Lumentum Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 29 Jul 2026
Checked 30 Jul 2026 00:25 · complete available chain
Options-market disagreement
Mixed pressure
LITE currently carries mixed options pressure with a 45/100 conviction score. The nearest-chain expected move is 21.2%, with volume/open-interest participation at 0.17.
Expected move
21.2%
Wider near-term move priced
Activity / OI
0.17
Current volume is quieter versus prior open interest
Put-call
1.20
Balanced tape
Trend fit
76
Options agree with trend context
Weekly backdrop
+4.1%
RS 44.1
Expected move
21.2%
Put-call volume
1.20
Volume / OI
0.17
Reference IV
1.67
Max pain
735.00
Underlying
762.99
Nearest expiry
31 Jul 2026
Contracts
3944
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $402.4M of estimated gross traded notional, puts · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-14
1W price+4.1%
Call premium34%
Put premium66%
Notional split
C 34% / P 66%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.17
Volume divided by open interest across the visible chain.
Trend fit
76/100
Agreement between options pressure and Sharemaestro market context.
Event window
11 Aug
Matched earnings event is 12 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 91+ days · ITM
puts cluster with 1260 contracts traded, $61.1M estimated gross traded notional, and 15% of visible notional.
$61.1M
Puts · 91+ days · OTM
puts cluster with 5991 contracts traded, $59.3M estimated gross traded notional, and 15% of visible notional.
$59.3M
Calls · 91+ days · OTM
calls cluster with 5439 contracts traded, $58.0M estimated gross traded notional, and 14% of visible notional.
$58.0M
Calls · 91+ days · ITM
calls cluster with 2171 contracts traded, $54.2M estimated gross traded notional, and 13% of visible notional.
$54.2M
Puts · 46-90 days · ITM
puts cluster with 834 contracts traded, $35.6M estimated gross traded notional, and 9% of visible notional.
$35.6M
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close762.99
1W+4.1%
RS44.1
Fair value+267.8%
Options pressure-14
Speculation44
Volatility96
Trend fit76
Today Versus Normal
Stored-options context
30d avg 15.6% · 1 read
100th
90d avg 15.6% · 1 read
100th
180d avg 15.6% · 1 read
100th
30d avg 1.25 · 1 read
100th
90d avg 1.25 · 1 read
100th
180d avg 1.25 · 1 read
100th
30d avg 0.82 · 1 read
100th
90d avg 0.82 · 1 read
100th
180d avg 0.82 · 1 read
100th
30d avg 0.15 · 1 read
100th
90d avg 0.15 · 1 read
100th
180d avg 0.15 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 10:05
Volatility
Pressure 5
Move 15.6%
29 Jul 23:25
Mixed
Pressure -14
Move 21.2%
Strike Map
Where activity is clustering
Strike360.00
Calls · V 0 · OI 0
Puts · V 8 · OI 35
Strike370.00
Calls · V 0 · OI 0
Puts · V 14 · OI 36
Strike380.00
Calls · V 1 · OI 0
Puts · V 1 · OI 41
Strike390.00
Calls · V 0 · OI 0
Puts · V 2 · OI 81
Strike400.00
Calls · V 0 · OI 1
Puts · V 13 · OI 15
Strike410.00
Calls · V 0 · OI 0
Puts · V 19 · OI 29
Strike420.00
Calls · V 4 · OI 4
Puts · V 2 · OI 7
Strike430.00
Calls · V 0 · OI 0
Puts · V 1 · OI 14
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts355
Avg IV1.67
Put-call0.89
Expiry7 Aug 2026
Contracts274
Avg IV1.02
Put-call0.86
Expiry14 Aug 2026
Contracts220
Avg IV1.12
Put-call1.81
Expiry21 Aug 2026
Contracts271
Avg IV1.07
Put-call2.99
Expiry28 Aug 2026
Contracts205
Avg IV1.06
Put-call1.17
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV1.31
Put IV1.64
Skew0.34
7 Aug 2026Call IV premium
Call IV1.09
Put IV0.99
Skew-0.10
14 Aug 2026Call IV premium
Call IV1.14
Put IV1.09
Skew-0.05
21 Aug 2026Balanced skew
Call IV1.09
Put IV1.07
Skew-0.02
28 Aug 2026Balanced skew
Call IV1.07
Put IV1.02
Skew-0.05
Contract Tape
Most active contracts
ContractLITE270319C00670000
SideCall
Expiry19 Mar 2027
Strike670.00
Volume-
OI-
IV1.02
ContractLITE260828C01115000
SideCall
Expiry28 Aug 2026
Strike1115.00
Volume-
OI-
IV1.14
ContractLITE270115P01560000
SidePut
Expiry15 Jan 2027
Strike1560.00
Volume-
OI-
IV0.79
ContractLITE260904P00825000
SidePut
Expiry4 Sep 2026
Strike825.00
Volume-
OI-
IV1.00
ContractLITE260904C00820000
SideCall
Expiry4 Sep 2026
Strike820.00
Volume-
OI-
IV1.06
ContractLITE260904P00920000
SidePut
Expiry4 Sep 2026
Strike920.00
Volume-
OI-
IV0.99
ContractLITE280121P01320000
SidePut
Expiry21 Jan 2028
Strike1320.00
Volume-
OI50
IV0.00
ContractLITE280121P01360000
SidePut
Expiry21 Jan 2028
Strike1360.00
Volume-
OI50
IV0.00
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.