LRCXLam Research Corp
Options Analysis Report•SPECIAL INDUSTRY MACHINERY, NEC
Market Cap $334.2B|NASDAQ
● 2026-04-17$267.60
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +328.9%YTD +44.6%7D +1.5%
Options Vol
28,689
30D
Implied Move
±20.6%
IV Rank
86%
LRCX Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 96.2% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.01x — IV ≤ HV
Sector Relative≤50%
Sector percentile 86% — above sector median
Term Structure
<1.1xFront/Back 1.25x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 69.1% — normal range
Spread-Adjusted Value
<80%Effective IV 83.9% (ATM 69.1% + spread 7.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 12.72% (spread 7.38% + slippage 5.34%) — high friction
Vega Efficiency
≥5.0Vega efficiency 28.57 (vega 21.085 / spread 7.38%) — efficient
Sentiment
Bullish or bearish?
3.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Moderate signal (Conviction: -14%, Raw: -2%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -14% (bearish) — Raw: -2%
OI Skew Magnitude
≥15%|OI skew| 1.0% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -23.2%, OI skew -1.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 46%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -18%, ATM: -14%, OTM: +2% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 90% — very bearish vs sector
Activity
Unusual activity?
3.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 5.5% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +8.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 41% — neutral vs sector
Trade Quality
≥30%Large trade volume 40% — institutional presence
Execution Urgency
≥60%Aggressive execution 32% — patient
Flow Conviction
≥30Conviction -14 (bearish) — mixed
Liquidity
Can I trade efficiently?
5.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 7.4% — wide
Adequate OI
≥10,000OI 521,203 — deep
Active Volume
≥500Volume 28,689/day — active
Reasonable Cost
≤$0.50$0.37 to cross — cheap
Strike Coverage
≥5 strikes2 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 86% — much wider than sector
Order Book Depth
≥100 contractsDepth 194.8 contracts (bid:89.7 ask:105.1) — adequate
Execution Quality
<1.0%Avg slippage 5.34% — poor
Timing
Is now a good time?
7.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +25.1% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 96% — seller opportunity
Event Detection
≥10pts kinkIV kink 12.1pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 40.82 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 5d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -14% @ 57% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 70 (ITM 20% + inst 40%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.3
bullishIV expensive, bearish flow
Long Puts5.4
bearishIV expensive, bearish flow
Premium Sellers
Cash-Secured Put5.3
bullishIV rich premium, bearish flow
Covered Call6.5
bearishIV rich premium, bearish flow
For educational purposes only. Not investment advice.