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LITE Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete LITE options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around LITE.

Latest Data: 2026-02-06 (EDT)
Max Pain Price
510
Exp: 2026-02-06
Gamma Flip
311.84
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.167
Shows put vs call positioning
IV Skew
1.71
Put–call IV difference
Max Pain Price Volatility
σ = 8.16
medium volatility
Confidence 61%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%

Current DPI is 0.963(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-13 options expiry. 100% confidence

The support levels for LITE are at 539.88, 521.70, and 406.62, while the resistance levels are at 564.10, 582.28, and 697.36. The pivot point, a key reference price for traders, is at 510.00.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (-0.10), pin strength 0.70.


Based on same-day expiring options (0DTE), the ATM straddle implies an 2.66% standardized 1-day equivalent move, serving as an intraday volatility reference.


The implied intraday range is approximately 491.06 563.20 , corresponding to +2.03% / -11.04% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.


Bullish flow suggests upside interest toward 565.70 (2.48% above spot).

Bearish positioning points to downside pressure toward 449.45 (18.58% below spot).


Options flow strength: 0.67 (0–1 scale). ATM Strike: 550.00, Call: 2.75, Put: 11.95, Straddle Cost: 14.70.


Price moves are likely to stay range-bound. The short-term gamma flip is near 447.42 , with intermediate positioning around 311.84 . The mid-term gamma flip remains near 311.84.