LITE
Lumentum Holdings Inc. Common Stock
stock NASDAQ

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 👀

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.