LITE
LITE · Sep 21, 2026
$954.49
Shares
Hold
Price is 604% above our fair value of $136 (range $96.00–$201, 3 of 4 models). Being this far above our estimate has had no bearing on what the shares did next, 2022–2026.
How we value it ›Prices as of 11:47 PM ET, Sep 21. Check the live quote before you send an order.
The put
Skip
Skip the put. It pays a lot because LITE can drop a lot. Wait, or buy shares.
If it goes against you: you buy 100 shares at $928, which after the $5,795 you keep works out to $869.55 a share. Below $869.55 you are down on the trade. From that day the shares take above is the one that applies.
The order, if you sell it anyway
You get$5,795 (limit about $57.95)
If it fallsBuy 100 shares at $928
Cash to hold$92,750
Close earlyBuy back at about $17.39 ($1,738)
Chance you buy the sharesabout 40 in 100
ContractLITE Oct 16 $928 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why skip
The put: Oct 16, $928 strike, 25 days out. Pays $5,795. Roughly a 40-in-100 chance you end up buying the shares.
On paper: 91% a year. That number assumes LITE keeps moving like it did the past two years. Take that away and it is -2% a year. That is why we say skip.
Next earnings Nov 5, after this put ends. We never sell a put across a report.
If you already own 100 shares
Income call
For income on LITE you already hold: sell the Sep 25 $1050 call and take $605 now. If LITE climbs to $1050 by Sep 25, your 100 shares are sold at $1050, so only do it if you're happy selling there.
If it climbs past $1050 your 100 shares are sold at $1050 and you keep the $605. That is the trade working, not a loss.
The call order
ActionSell to open
ContractLITE Sep 25 $1050 call
You get$605 (limit about $6.05)
If it climbsYour 100 shares sell at $1050
Chance your shares are soldabout 15 in 100
After removing the trend-24% a year
First take on LITE. Result Oct 16. See the record
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.
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