Whales with a lot of money to spend have taken a noticeably bullish stance on Lumentum Holdings.Looking at options history for Lumentum Holdings (NASDAQ:LITE) we detected 88 trades.If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 39% with bearish.From the overall spotted trades, 29 are puts, for a total amount of $2,607,845 and 59, calls, for a total amount of $6,087,247.Predicted Price RangeAnalyzing the Volume and Ope ...

Core Insights - Investors are taking a bearish stance on Lumentum Holdings, with significant options trades indicating potential insider knowledge of upcoming events [1][2] - The overall sentiment among large investors is 25% bullish and 50% bearish, with a notable volume of call and put options [2] - Major market movers are focusing on a price range between $95.0 and $250.0 for Lumentum Holdings over the past three months [3] Options Trading Activity - A total of 16 uncommon options trades were identified, with 3 puts totaling $228,160 and 13 calls totaling $1,042,005 [2] - The largest observed options trades include various call and put options with significant total trade prices, indicating mixed sentiment among traders [8] Company Overview - Lumentum Holdings Inc is a California-based technology firm specializing in optical and photonic products, primarily in telecommunications and commercial lasers [9] - The company generates most of its revenue from the Optical Communications segment, which includes a wide range of components for various applications [9] Market Status and Analyst Ratings - The current market price of Lumentum Holdings is $157.01, down 3.65%, with upcoming earnings expected in 13 days [11] - Analysts have issued a consensus target price of $171.25, with varying ratings and target prices from different firms, indicating a mixed outlook [10][12]

Group 1: Market Sentiment and Options Activity - Deep-pocketed investors have adopted a bearish approach towards Lumentum Holdings, indicating potential significant market movements ahead [1] - Recent options activity shows a divided sentiment among investors, with 61% bearish and 23% bullish, highlighting a total of $1,523,505 in options trades [2] - The major market movers are focusing on a price band between $120.0 and $210.0 for Lumentum Holdings over the last three months [3] Group 2: Volume and Open Interest Insights - Analyzing volume and open interest is crucial for understanding liquidity and investor interest in Lumentum Holdings' options, particularly within the $120.0 to $210.0 strike price range over the past 30 days [4] Group 3: Company Overview and Analyst Ratings - Lumentum Holdings is a California-based technology firm specializing in optical and photonic products, generating maximum revenue from its Optical Communications segment [11] - Analysts have set an average price target of $185.0 for Lumentum Holdings, with varying ratings from different firms, including a downward revision to Buy at $165.0 from Citigroup and a maintained Buy rating at $225.0 from Rosenblatt [13][14] Group 4: Current Market Status - The current trading volume for Lumentum Holdings is 2,663,631, with the stock price down by 0.93% at $162.47, indicating potential overbought conditions according to RSI indicators [16]