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MU

Micron Technology, Inc.Close $457.23EOD only

Max Pain

$405.00

Next expiry Apr 17, 2026

Expected Move

±$6.32

1.4% from close

Price Gap

-52.23

Distance to max pain

IV Rank

High premium

P/C OI

1.16

Slightly put-heavy

Consensus

6.5/10

Range bias

Published snapshot: Apr 16, 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

Apr 16, 2026 close

MU Flow Report

Analysis based on market close April 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.3% from MP; +1 VIX 17

Watch next session: Monitor spot vs MP and MP gap; Track option expiry flows 2026-04-17 and 04-24; Gamma flip ~450 and large unusual put prints (420/Dec)

Flow Summary

Net premium: +$195.2M bullish

P/C volume ratio: 0.68

P/C OI ratio: 1.16

Bullish orderflow with strong positive GEX and DEX buying supporting pinning near 450; downside risk from large put concentrations and distance from MP.

Notable Prints

MU 2026-12-18 $420.00 Put

Vol: 10,367

OI: 353

Vol/OI: 29.4x

IV: 66.3%

Notional: ~$80.2M

Intent: protective hedge

Dual read: sell-side

Read-through: pinning risk

MU 2026-04-24 $465.00 Put

Vol: 2,465

OI: 129

Vol/OI: 19.1x

IV: 61.0%

Notional: ~$5.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-04-24 $270.00 Put

Vol: 4,088

OI: 299

Vol/OI: 13.7x

IV: 129.3%

Notional: ~$16K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-04-17 $455.00 Put

Vol: 9,826

OI: 735

Vol/OI: 13.4x

IV: 11.6%

Notional: ~$953K

Intent: near-term hedge

Dual read: sell-side

Read-through: pinning risk

MU 2026-04-17 $462.50 Put

Vol: 1,478

OI: 116

Vol/OI: 12.7x

IV: 31.0%

Notional: ~$1.2M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Notable near-term call flow (MU 4/17 467.5 ~1,014 OI); directional call buying suggests a bullish bias but may be driven by vol-selling or hedged structures

Put additions: Significant long-dated puts concentrated at 420 and clustered short-dated puts 452.5–465 indicating downside protection

GEX/DEX consistency: GEX +$95M and DEX +78.3M consistent with short-term bullish/pinning tendencies but not definitive given hedging ambiguity

OI clusters: OI concentrated ~450–470 strikes and deep 420 long-dated puts

Hedging evidence: Presence of long-dated high-IV puts plus short-dated put flow points to hedging/collar activity and dealer delta-hedging influence

Max pain context: Gamma flip ~450 implies possible short-term pinning pressure into expiry; outcome sensitive to expiry-day flows and intraday moves

Signal vs Noise

~Signal: large positive GEX and DEX inflow indicating short-term bullish/flow-driven bias

~Signal: clustered OI 450–470 and sizable 420 long-dated puts show hedged positioning

~Signal: gamma flip near 450 elevates expiry sensitivity

~Noise: isolated high IV prints with small OI may be retail/noise

~Noise: intraday small premium trades unlikely to change institutional posture

Key Conclusions

📌Directional bias toward upside exists but appears hedged—treat as bullish-with-hedging rather than pure directional conviction.

⚠️Possible short-term pinning near 450 into expiry; highly sensitive to expiry-day flows and dealer hedging dynamics.

Read the Flow analysis for MU for 2026-04-17. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.