LRCXLam Research Corp
Options Analysis Report•SPECIAL INDUSTRY MACHINERY, NEC
Market Cap $405.7B|NASDAQ
● 2026-06-09$324.45
NEUTRAL
Analysis: 2026-06-08 EOD data
1Y +267.4%YTD +75.3%7D -3.0%
Options Vol
36,022
30D
Implied Move
±20.5%
IV Rank
90%
LRCX Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 95.2% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.09x — IV premium over HV
Sector Relative≤50%
Sector percentile 81% — above sector median
Term Structure
<1.1xFront/Back 1.18x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 71.5% — normal range
Spread-Adjusted Value
<80%Effective IV 82.3% (ATM 71.5% + spread 5.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 8.77% (spread 5.38% + slippage 3.39%) — high friction
Vega Efficiency
≥5.0Vega efficiency 60.70 (vega 32.657 / spread 5.38%) — efficient
Sentiment
Bullish or bearish?
6.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Weak signal (Conviction: +11%, Raw: +15%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +11% (bullish) — Raw: +15%
OI Skew Magnitude
≥15%|OI skew| 6.3% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +28.1%, OI skew -6.3% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -0%, ATM: +8%, OTM: +19% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 44% — bullish vs sector
Activity
Unusual activity?
3.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 6.1% — 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 +0.7% (5d) — stable
Sector Relative≥60%
Sector activity percentile 52% — neutral vs sector
Trade Quality
≥30%Large trade volume 5% — mostly retail
Execution Urgency
≥60%Aggressive execution 33% — patient
Flow Conviction
≥30Conviction +11 (bullish) — mixed
Liquidity
Can I trade efficiently?
6.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 5.4% — wide
Adequate OI
≥10,000OI 592,933 — deep
Active Volume
≥500Volume 36,022/day — active
Reasonable Cost
≤$0.50$0.27 to cross — cheap
Strike Coverage
≥5 strikes8 liquid strikes — good coverage
Sector Relative≤40%
Sector spread percentile 82% — much wider than sector
Order Book Depth
≥100 contractsDepth 98.9 contracts (bid:54.5 ask:44.4) — thin
Execution Quality
<1.0%Avg slippage 3.39% — poor
Timing
Is now a good time?
7.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +18.0% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 95% — seller opportunity
Event Detection
≥10pts kinkIV kink 12.3pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 66.69 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +11% @ 55% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 35 (ITM 20% + inst 5%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.4
bullishIV expensive, bullish flow
Long Puts4.7
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.4
bullishIV rich premium, bullish flow
Covered Call5.7
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.