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MU

Micron Technology, Inc.Close $698.74EOD only

Max Pain

$700.00

Next expiry May 22, 2026

Expected Move

±$58.15

8.3% from close

Price Gap

+1.26

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.31

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 19, 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

May 19, 2026 close

MU Flow Report

Analysis based on market close May 19, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +0.5 VIX 18

Watch next session: 680-720 call strikes; gamma flip level 620; put activity at 430

Flow Summary

Net premium: +$559.5M bullish

P/C volume ratio: 0.87

P/C OI ratio: 1.31

Massive call buying dominates despite market weakness; positive gamma and delta indicate strong bullish positioning. High net premium of $559M and call/put volume ratio 0.87 confirm institutional bullish flow. Key level is gamma flip at 620.

Notable Prints

MU 2026-05-29 $690.00 Call

Vol: 3,335

OI: 311

Vol/OI: 10.7x

IV: 88.9%

Notional: ~$15.6M

Intent: bullish

Read-through: call buying

MU 2026-05-22 $430.00 Put

Vol: 11,385

OI: 1,282

Vol/OI: 8.9x

IV: 168.4%

Notional: ~$171K

Intent: hedge

Read-through: tail put

MU 2026-05-22 $707.50 Call

Vol: 1,000

OI: 113

Vol/OI: 8.8x

IV: 99.8%

Notional: ~$2.4M

Intent: bullish

Read-through: call buying

MU 2026-05-22 $712.50 Call

Vol: 1,510

OI: 179

Vol/OI: 8.4x

IV: 101.2%

Notional: ~$3.5M

Intent: bullish

Read-through: call buying

MU 2026-05-22 $717.50 Call

Vol: 1,285

OI: 163

Vol/OI: 7.9x

IV: 100.7%

Notional: ~$2.6M

Intent: bullish

Read-through: call buying

Institutional Positioning

Call additions: Concentrated in 5/22 calls $680-$717.5, also 6/5 $770

Put additions: Deep OTM 5/22 $430 put (large vol/OI)

GEX/DEX consistency: Yes, positive GEX + DEX align with call flow

OI clusters: Notable OI at $680-$720 calls (weekly)

Hedging evidence: Deep OTM put suggests tail hedge; gamma flip at $620

Max pain context: Spot at MP, pinning expected (gamma positive)

Signal vs Noise

~Signal: persistent call sweeps above $680 on 5/22, bullish positioning

~Noise: deep OTM put at $430 likely speculative/hedge, not directional

Key Conclusions

📈Call sweeps across $680-$720 confirm bullish gamma positioning

⚠️Deep OTM put at $430 may be tail risk hedge, not bearish signal

How to Use These Reports

This flow reflects the market close on May 19, 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.