LITE
Lumentum Holdings Inc. Common Stock
stock NASDAQ

LITE and COHR optics data center shit been going up all year

Just seen your second comment, yeh I trimmed a lot of photonics gains I made on $FN $LITE $AAOI which I bought the dips on last week as that was a big part and I think tech is around 60% so alot of my portfolio.. stocks like $AAOI, even $MU will probably not stay in my portfolio long term, so defiantly ones im keeping my eye close on, which stocks are your least favourite that I hold? Im also thinking of lowering my size in $APP a little more, not worth the headache

Sold my LITE for LYTE

ok bois, my covered calls fucked me today which means I have ample cash available. Thinking of short atm puts on ONON --> SMCI and LITE, then long puts on CAVA, followed by puts on CRBS and short atm puts on LUNR

Agree with photonics. COHR and LITE leading the charge. An exciting microcap in the space is Aeluma (ALMU)
They are solving the power and bandwidth bottlenecks of AI data centers by replacing traditional copper interconnects with light. They do this through a proprietary manufacturing platform that grows high-performance photonic devices (like photodetectors and lasers) on standard, large-diameter 300mm silicon substrates, providing a cheaper, scalable, non-indium-phosphide alternative. Recognized as critical infrastructure for the domestic compute supply chain, Aeluma recently signed a Letter of Intent for up to **$30 million in U.S. CHIPS Act R&D funding** to scale its Goleta, CA facility and U.S. foundry operations. While operating as an independent IP and component developer, Aeluma sits at the heart of key semiconductor plays: its integrated light sources offer the missing foundational hardware for **Nvidia’s** push into co-packaged optics (CPO) and sub-2 pJ/bit optical I/O, while presenting a modern, monolithic 300mm alternative to **Intel’s** legacy bonded silicon photonics architectures.

This week was great. Almost everything recovered and drawdown dropped. I didn't expect to have time today so I made a few trades yesterday and some today. Last Week's post: [https://www.reddit.com/r/thetagang/comments/1vbttj9/1\_weekly\_returns\_from\_options\_week\_22/](https://www.reddit.com/r/thetagang/comments/1vbttj9/1_weekly_returns_from_options_week_22/)
**First, the strategy:**
\- Use a screener to give me a list of top 20 low delta options for next week
\- I either
\- a. Roll my current options - I do this if I can still get 1% for rolling or if the option is ATM/ITM and I have to roll. I always roll for credit.
\- b. Close a current option and pick something else from the list that I like
\- I try to do this every Friday. However, if I'm busy on Fridays, I'll sometimes do this on Thursdays.
**Screener Output:**
|Underlying|Strike ($)|Stock Price ($)|Bid ($)|Delta|Distance OTM (%)|Return (%)|
|:-|:-|:-|:-|:-|:-|:-|
|**NBIS**|$136.00|$184.33|$1.40|\-0.073|26.22%|1.03%|
|**COHR**|$285.00|$372.77|$2.90|\-0.090|23.55%|1.02%|
|**SMCI**|$24.00|$30.15|$0.25|\-0.092|20.40%|1.04%|
|**LITE**|$710.00|$890.12|$7.20|\-0.098|20.24%|1.01%|
|**HIMS**|$24.50|$30.65|$0.26|\-0.098|20.07%|1.06%|
|**AXTI**|$65.00|$85.74|$0.85|\-0.100|24.19%|1.31%|
|**CRWV**|$69.00|$86.30|$0.79|\-0.101|20.05%|1.14%|
|**AAOI**|$113.00|$141.53|$1.15|\-0.103|20.16%|1.02%|
|**RKLB**|$65.00|$79.42|$0.67|\-0.104|18.16%|1.03%|
|**ASTS**|$56.00|$68.81|$0.66|\-0.110|18.62%|1.18%|
|**SNDK**|$1,025.00|$1,223.46|$10.70|\-0.115|16.22%|1.04%|
|**BE**|$180.00|$216.52|$2.00|\-0.118|16.87%|1.11%|
|**ALAB**|$280.00|$334.78|$2.88|\-0.119|16.36%|1.03%|
|**IREN**|$32.00|$38.01|$0.36|\-0.123|15.81%|1.13%|
|**SKHY**|$117.00|$135.96|$1.25|\-0.130|13.95%|1.07%|
|**SPCX**|$107.00|$122.36|$1.09|\-0.132|12.55%|1.02%|
|**LUNR**|$12.50|$15.63|$0.15|\-0.136|20.03%|1.20%|
|**WOLF**|$25.00|$30.07|$0.31|\-0.140|16.86%|1.24%|
|**APLD**|$24.50|$28.29|$0.25|\-0.140|13.40%|1.02%|
|**USAR**|$15.50|$18.52|$0.17|\-0.143|16.31%|1.10%|
**Trades this week:**
|Symbol|Action|Premium Collected (Net Credit)|Cash Occupied|
|:-|:-|:-|:-|
|**SKHY**|Roll Short Put (BTC Aug 7 116 P / STO Aug 14 118 P)|$119.52|$11,800.00|
|**NBIS**|Roll Short Put (BTC Aug 7 136 P / STO Aug 14 146 P)|$299.03|$29,200.00|
|**IREN**|Roll Short Put (BTC Aug 7 30.5 P / STO Aug 14 31.5 P)|$31.52|$3,150.00|
|**DRAM**|Roll Short Put (BTC Aug 7 43 P / STO Aug 14 44.5 P)|$89.05|$8,900.00|
|**ASTS**|Buy to Close (BTC Aug 7 63 P)|\-$3.01|$0.00|
|**AAOI**|Roll Short Put (BTC Aug 7 62 P / STO Aug 14 113 P)|$113.52|$11,300.00|
|**RKLB**|Roll Short Put (BTC Aug 7 73 P / STO Aug 14 65 P)|$202.55|$19,500.00|
|**APLD**|Roll Short Put (BTC Aug 7 28.5 P / STO Aug 14 26.5 P)|$102.00|$7,950.00|
|**AXTI**|Sell to Open (STO Aug 14 65 P)|$98.53|$6,500.00|
|**SLV**|Short Put Position|N/A ($0.00)|$6,550.00|
|**TOTAL**|—|**$1,052.71**|**$104,850.00**|
**Total Returns**
|Total Premium|$20,207.00|
|:-|:-|
|Current drawdown|\-$1,554.00|
|Gain/Loss from Assignment|\-$799.00|
|Total gains|$18,653.00|
|Annualized (Calc1 using average invested)|56.73%|
|Annualized (Calc2 using max invested)|37.68%|
**History**
||Week|Capital Invested|Premium Made|Return %|Notes|
|:-|:-|:-|:-|:-|:-|
|3/6|Week 1|$0.00|$0.00|0.00%||
|3/13|Week 2|$13,100.00|$131.00|1.00%||
|3/20|Week 3|$19,850.00|$203.00|1.02%||
|3/27|Week 4|$41,500.00|$596.00|1.44%||
|4/3|Week 5|$34,150.00|$353.00|1.03%||
|4/10|Week 6|$43,350.00|$462.00|1.07%||
|4/17|Week 7|$53,800.00|$573.00|1.07%||
|4/24|Week 8|$70,400.00|$811.00|1.15%||
|5/1|Week 9|$103,450.00|$1,093.00|1.06%||
|5/8|Week 10|$97,400.00|$1,040.00|1.07%||
|5/15|Week 11|$102,800.00|$1,077.00|1.05%||
|5/22|Week 12|$98,600.00|$1,170.00|1.19%||
||Week 12.5|$106,100.00|$475.00|0.45%|Bonus round|
|5/29|Week 13|$106,100.00|$1,133.00|1.07%||
||Week 13.5|$115,900.00|$336.00|0.29%|Bonus round|
|6/5|Week 14|$105,750.00|$1,053.00|1.00%||
|6/12|Week 15|$110,700.00|$1,146.00|1.04%||
|6/19|Week 16|$111,850.00|$1,105.00|0.99%||
|6/26|Week 17|$108,350.00|$1,045.00|0.96%|Got SLV 65.5 assigned|
|7/3|Week 18|$111,550.00|$1,126.00|1.01%||
|7/10|Week 19|$102,850.00|$1,111.00|1.08%||
||Week 19 Bonus|$108,550.00|$98.00|0.09%|APLD 1:3 to avoid assignment|
|7/17|Week 20|$104,350.00|$842.00|0.81%||
|7/24|Week 21|$111,500.00|$1,148.00|1.03%|RKLB 2:3 to reduce strike|
|7/31|Week 22|$105,660.00|$1,021.00|0.97%||
||Week 22 bonus|$99,960.00|$7.00|0.01%|ASTS 2:1 to reduce exposure|
|8/7|Week 23|$104,850.00|$1,052.00|1.00%||

really nice rugpull on LITE. just beautiful.

$LITE ABOVE 900

max pain is more like a magnet than a hard rule. sometimes price stays far away if the trend is strong enough, especially with something like LITE that can move fast.

i have seen stocks close 5-10% away from max pain and market makers just eat the loss. if you're not already in the trade i would not chase it, wait for pullback to some support level atleast.

LITE's max pain for today is 750, but the stock is trading well above that level. I have a feeling it won't drop all the way back to max pain, but I don't have much experience with how these situations typically play out.
What usually happens when a stock is trading significantly above its max pain on options expiration day? Does that tend to be a bullish sign, or is it common for the price to gravitate back toward max pain? It feels bullish to me, but I also don't like the idea of chasing an entry up here.

>$LITE Pre-market has price opening above AVWAP for first time since 5/12/26.
AVWAP ... do you know what the A stands for?

$LITE Pre-market has price opening above AVWAP for first time since 5/12/26. Optics ETFs also open today

[Pulled a few names I'm personally watching next week, ](https://www.moomoo.com/quote/calendar?global_content=%7B%22promote_content%22:%2211067213%22,%22promote_id%22:20795,%22promote_type%22:43,%22sub_promote_id%22:1%7D)expected move is the options-implied swing not an analyst target fyi:
• RKLB — Mon 8/10 AH, ±13.79%
• ASTS — Mon 8/10 AH, ±14.29%
• SMCI — Tue 8/11 AH, ±13.89%
• CRWV — Tue 8/11 AH, ±14.92%
• LITE — Tue 8/11 AH, ±15.01%
• NBIS — Wed 8/12 pre-market, ±17.95%
• COHR — Wed 8/12 AH, ±15.48%
NBIS's the one I'm watching closest, ±17.95% is the biggest of the bunch and it already dumped 13% today before even reporting, feels like something's gotta give when it prints
CRWV also catching my eye, ±14.92% plus it's already down 5% pre-earnings, classic "market slaps you before the print" setup, seen this pattern before and it usually goes hard one way or the other once numbers hit
RKLB's a bit calmer at ±13.79% but this one's never been chill going into earnings, leaning towards it just chopping around in that range instead of a crazy blowout like the other two
[anyone else holding through earnings on these?](https://www.moomoo.com/us/manual/topic-14-85?global_content=%7B%22promote_content%22:%2211067213%22,%22promote_id%22:20795,%22promote_type%22:43,%22sub_promote_id%22:1%7D) or are you all ducking out before the print? drop your takes/plays below 👀

Nvidia is literally telling people what to invest in (photonics, with their investments in LITE & COHR), and people will still miss these moves into 2027-2030.

Roundhill launched the first neocloud ETF this morning. 58% NBIS/CRWV plus IREN, HUT, APLD, CORZ, etc. They did not include RIOT so it maybe they will be keeping those companies whose business is primarily bitcoin mining out. About 300k share volume after three hours.
They also launched LYTE... 45% LITE/COHR/CIEN, plus about 50% Chinese companies. FN/AAOI/AXTI make up the rest. About 2 million share volume after three hours.

**Thursday floater, now back from my bike ride**
A provocative title for some, my thinking is the market is just indecisive so far today and can go either way. I do see the QQQ and SPY improving and moving closer to going green which is REALLY a good thing,. the VIX is on the edge of destruction here at the 15.40 level and the 15.30 level has been when it has had a sharp inflection and the market has tanked the last couple of times, so I am really wanting to see it move up just a little bit as the indices improve. The DOW and S&P have been setting ATH's so a breather is in order but I would much prefer to see it be something like a slow sideways day or two rather than some sharp adjustment for a change. This market has been unrealistically volatile.
It is a nice surprise to see AMD and MU modestly green this morning and NVDA down less than 1% as I catch up this morning. I also see SNDK has recovered substantially from the big knockdown after earnings. While still red it is now 1/3 of its initial drop.
I will weigh in on the AMD discussion. I can see AMD finding the lower Bollinger Band which is sitting at 440 on the daily charts. Of course if we get a BIG blowup in Iran, we might have a catalyst that takes us lower. All of he MA's for AMD are nearly converged and moving very slowly toward a positive slope in a slow and controlled manner, I am not sure that is either positive or negative, but it is better than being in a falling slope pattern. We will have earnings coming from MRVL, LITE, NVDA and MU with MU coming near the end of September that will or might keep the AI trade balls in the air some. NVDA is near the end of August. The interesting news might come from MRVL and LITE as those are stocks that are critical to rack solutions and high performance bandwidth optical connectors supporting clusters of GPU racks.
One other wildcard for the end of the year which will really be reported in calendar 2027 is the end of year CAPEX dump that could benefit AMD. At the current course and speed most AI CAPEX investment is at a steady run rate and throwing more money at it really doesn't buy more processing now. This opens the door for AMD to benefit from some potential CAPEX dollars being available for DC buys.
The SPX remains near or above the 7700 mark so far and if we just hold onto that through the end of the day, that might be fine. Higher is always better for the indices.

BTC LITE 750P @0.9 (+9.3)
AMD 450P @0.73 (+4.22)

$LITE 700 at earnings

$LITE going red
See $WDC $SNDK hype fading