LITX is trading at $29.77, down 7.20%, amid macro pressure after Trump’s rejection of Iran’s Hormuz proposal revived supply concerns, lifting oil prices and inflation worries. - Rising yields and a risk-off market are pressuring growth-oriented technology and optics exposure; LITX seeks 2x daily performance of Lumentum (LITE). - The geopolitical reversal also weakened U.S. equity futures, reinforcing a cautious tone; available evidence supports a macro-driven explanation but does not establish Lumentum-specific news as the direct cause.