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LRCXLam Research Corp

Options Analysis Report•SPECIAL INDUSTRY MACHINERY, NEC
Market Cap $377.8B|NASDAQ
● 2026-08-28$301.90
NEUTRAL
Analysis: 2026-08-27 EOD data
1Y +201.4%YTD +63.1%7D -3.9%
23,172
30D
±16.2%
17%

LRCX Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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LRCX Gamma Walls

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Value

Is IV priced right?

5.5
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 95.7% — elevated vs history

<1.05x

IV/HV 1.16x — IV premium over HV

Sector Relative≤50%

Sector percentile 81% — above sector median

<1.1x

Front/Back 0.92x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 59.6% — normal range

<80%

Effective IV 77.0% (ATM 59.6% + spread 8.7% + bias) — fair

<3.0%

Total drag 19.72% (spread 8.69% + slippage 11.03%) — high friction

≥5.0

Vega efficiency 40.64 (vega 35.318 / spread 8.69%) — efficient

Sentiment

Bullish or bearish?

4.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +16%, Raw: +12%)
|net sentiment| ≥25%

Conviction-weighted: +16% (bullish) — Raw: +12%

≥15%

|OI skew| 7.0% — balanced

Same sign, |vol skew| ≥10%

Vol skew -16.6%, OI skew -7.0% — aligned

≥2/3 conditions

0-DTE 48%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -6%, ATM: +5%, OTM: +14% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 86% — very bearish vs sector

Activity

Unusual activity?

2.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.5x avg — normal

≥15%

Vol/OI 4.1% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change -13.6% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 33% — below sector avg

≥30%

Large trade volume 7% — mostly retail

≥60%

Aggressive execution 18% — patient

≥30

Conviction +16 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.9
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks4/8 checks passed
≤5.0%

Spread 8.7% — wide

≥10,000

OI 563,758 — deep

≥500

Volume 23,172/day — active

≤$0.50

$0.43 to cross — cheap

≥5 strikes

2 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 81% — much wider than sector

≥100 contracts

Depth 134.8 contracts (bid:27.8 ask:107.0) — adequate

<1.0%

Avg slippage 11.03% — poor

Timing

Is now a good time?

7.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -7.7% — contango

<30 or >70

IV percentile 96% — seller opportunity

≥10pts kink

IV kink -2.7pts — no clear event

<0.5 or >2.0

θ/ν ratio 102.46 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +16% @ 58% consistency — unclear

≥40 composite score

Score 37 (ITM 20% + inst 7%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls5.3
bullishIV fair, mixed flow
Long Puts5.7
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.0
bullishIV fair, mixed flow
Covered Call5.4
bearishIV fair, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.