Lumentum fell 8.6% intraday, with bearish options surging up to 270%

Affected by concerns over the outlook for AI infrastructure demand, sparked by a collective call from executives at leading AI companies to slow down AI development, $Lumentum (LITE.US)$ fell 8.6% intraday. The highest turnover put option is up 270%, with a trading volume of 129 contracts; for more details, refer to the options ranking on the options page. Option prices are highly volatile, so please be mindful of the risks. Click to view the LITE option chain.