$LITE Options Short Iron Condor: Credit $810, Max Profit $810 on Apr 8, 2026
$Lumentum(LITE)$ Iron Condor Strategy: cost $1,190, max earn $810 in 9 days — sell elevated IV, delta‑neutral range view
📊 Ticker: $LITE
Strategy: Short Iron Condor
Contracts:
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Sell to Open: LITE Apr 17 $820 Call
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Buy to Open: LITE Apr 17 $840 Call
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Sell to Open: LITE Apr 17 $800 Put
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Buy to Open: LITE Apr 17 $780 Put
Cost: $810
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Max Gain: $810 (100% of premium if stock stays between $800-$820)
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Max Loss: $1,190 (if stock moves outside the wings)
Profit Zone: $800 - $820
Thesis: Neutral to range-bound view on Lumentum into April expiration. Optical components sector showing consolidation after recent volatility. Selling premium on both sides while defining risk outside the expected move—betting the stock stays contained between $780 and $840 through expiration. Max pain is a breakout in either direction beyond the wings.
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