Investors with a lot of money to spend have taken a bearish stance on Lumentum Holdings (NASDAQ:LITE).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LITE, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 18 uncommon options trades for Lumentum Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 27% bullish and 33%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $118,280, and 14 are calls, for a total amount of $5,917,460.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $450.0 for Lumentum Holdings over the recent three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Lumentum Holdings stands at 247.92, with a total volume reaching 703.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lumentum Holdings, situated within the strike price corridor from $40.0 to $450.0, throughout the last 30 days.

Lumentum Holdings Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
LITE	CALL	SWEEP	BEARISH	09/18/26	$114.5	$110.7	$111.77	$300.00	$3.3M	673	300
LITE	CALL	TRADE	BULLISH	06/18/26	$119.2	$117.7	$119.2	$250.00	$691.3K	608	80
LITE	CALL	TRADE	BULLISH	06/18/26	$118.5	$116.5	$118.5	$250.00	$592.5K	608	80
LITE	CALL	TRADE	NEUTRAL	06/18/26	$122.1	$118.5	$120.47	$250.00	$457.7K	608	176
LITE	CALL	TRADE	NEUTRAL	06/18/26	$117.7	$114.5	$116.34	$250.00	$349.0K	608	30

About Lumentum Holdings

Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are Optical Communications and Commercial Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules, and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.

In light of the recent options history for Lumentum Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Lumentum Holdings

• Currently trading with a volume of 525,891, the LITE's price is up by 0.9%, now at $320.78.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 65 days.

What The Experts Say On Lumentum Holdings

5 market experts have recently issued ratings for this stock, with a consensus target price of $233.6.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Lumentum Holdings, targeting a price of $325. * An analyst from Barclays has decided to maintain their Equal-Weight rating on Lumentum Holdings, which currently sits at a price target of $181. * Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Lumentum Holdings with a target price of $280. * Consistent in their evaluation, an analyst from B. Riley Securities keeps a Neutral rating on Lumentum Holdings with a target price of $147. * An analyst from Needham has decided to maintain their Buy rating on Lumentum Holdings, which currently sits at a price target of $235.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lumentum Holdings options trades with real-time alerts from Benzinga Pro.