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MU

Micron Technology, Inc.Close $935.89EOD only
Max Pain
$925.00
Next expiry Jun 12, 2026
Expected Move
±$83.90
9.0% from close
Price Gap
-10.89
Distance to max pain
IV Rank
89
High premium
P/C OI
1.47
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 9, 2026 close
End-of-day snapshot

This page reflects MU options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 9, 2026 close
MU Earnings Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Earnings Verdict

MU earnings 6/24; high IV (19.4% 16d); 100% beat rate; heavy call flow near $900 signals bullish bias; gamma pinning at $920 (6/12).

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.1% from MP
Most important: Large IV crush potential; call OI wall at $1000-$1050; spot near $892, below max pain $920.
✅100% beat rate suggests continued positive surprise.
⚠️High IV and weak macro add downside risk.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$730.00 — Approx — based on put OI concentration of 16,818 (18.2% below spot)

Earnings Overview

Next earnings: 2026-06-24 (14 days)explicit

Expected moves:

  • 2026-06-12 (2d): ±$65.70 (7.4%)
  • 2026-06-18 (8d): ±$117.45 (13.2%)
  • 2026-06-26 (16d): ±$173.20 (19.4%)

IV Setup

Term structure: Steep contango: 2d 7.4%, 8d 13.2%, 16d 19.4%.

Crush estimate: Estimated 50-60% crush post-earnings from current levels.

Skew: Call skew elevated on heavy $900-$915 buying; put skew inflated on far OTM prints.

Historical Context

Beat rate: 100% (4/4 quarters)

Avg move vs expected: Not available; 100% beat rate suggests positive surprises.

Directional bias: Bullish bias over last 4 quarters.

Key Levels

1$730.00 gamma flip
2EM guardrails: 2d $826.18/$957.58; 1w $774.43/$1009.33
3Max pain pins: $920 (2026-06-12); $480 (2026-06-18); $900 (2026-06-26)

Flow Highlights

Heavy call buying at $905-$915 strikes for 6/12 (10k+ vol).

Bullish positioning targeting $900+ before earnings.

Strategies

Short Strangle: Premium Crush
Sell 2026-06-26 $850.00 put + sell $920.00 call
Credit: $127.37-$155.68
Max loss: Unlimited
Max gain: $155.68
BE: 694.32 / 1075.68
Trigger: Adjust if spot breaches $826/$958; target 50-60% profit before earnings.
High IV, contango, 100% beat rate; strong premium collection.
Outperforms: Sell $850 put and $920 call to capture IV crush; profit if stock stays within.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!High IV amplifies moves; weak market (SPY/QQQ -1.5%+).
!Gamma flip at $730 could accelerate selloff if breached.
!Call wall at $1000-$1050 may cap upside.

What to Watch

?Spot vs $920 max pain (6/12).
?EM guardrails $826/$958 (2d).
?Earnings catalyst 6/24.
How to Use These Reports
This earnings reflects the market close on June 10, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.