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MU

Micron Technology, Inc.Close $803.63EOD only

Max Pain

$600.00

Next expiry May 15, 2026

Expected Move

±$54.83

6.8% from close

Price Gap

-203.63

Distance to max pain

IV Rank

100

High premium

P/C OI

1.27

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 13, 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 13, 2026 close

MU Flow Report

Analysis based on market close May 14, 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 29.3% from MP; +1 VIX 17

Watch next session: 785; 795; 810

Flow Summary

Net premium: +$787.9M bullish

P/C volume ratio: 0.90

P/C OI ratio: 1.29

Heavy call accumulation near expiry at 795 and 810, with positive GEX pinning price above gamma flip. Put OI remains dominant but flow favors upside. Key levels: 785 support, 795 resistance.

Notable Prints

MU 2026-05-15 $795.00 Call

Vol: 10,843

OI: 978

Vol/OI: 11.1x

IV: 79.8%

Notional: ~$11.7M

Intent: Bullish opening; possible short covering

Read-through: Bullish sentiment near expiry

MU 2026-06-05 $950.00 Call

Vol: 1,549

OI: 201

Vol/OI: 7.7x

IV: 98.1%

Notional: ~$3.8M

Intent: Speculative upside bet

Read-through: Long-dated bullish speculation

MU 2026-05-15 $825.00 Put

Vol: 845

OI: 120

Vol/OI: 7.0x

IV: 82.2%

Notional: ~$4.5M

Intent: Bearish protection

Read-through: Downside hedging

MU 2026-05-15 $785.00 Put

Vol: 6,104

OI: 948

Vol/OI: 6.4x

IV: 78.3%

Notional: ~$14.0M

Intent: Large bearish or hedging

Read-through: Significant downside activity

MU 2026-05-15 $785.00 Call

Vol: 5,151

OI: 870

Vol/OI: 5.9x

IV: 79.4%

Notional: ~$7.3M

Intent: Bullish bet or straddle part

Read-through: Mixed at 785

Institutional Positioning

Call additions: Adds at 795, 810, 950C (weekly+longer) with high vol/OI

Put additions: Adds at 825, 785P; 785P vol 6104 vs OI 948 suggests aggressive hedging

GEX/DEX consistency: Yes: both positive (GEX +$29M, DEX +98.6M shares)

OI clusters: Heavy put OI cluster ~20% below spot (620 area)

Hedging evidence: 785P and 825P hedging; large put buying indicates downside protection

Max pain context: Spot above MP; gamma pinning regime

Signal vs Noise

~Real: 795C and 810C call buying (11k and 14k vol) signals bullish flow

~Real: positive GEX/DEX consistent with upward drift

~Noise: put/call OI ratio >1 but volume ratio <1 reflects sentiment shift

Key Conclusions

📈Aggressive call buying on weekly strikes suggests bullish positioning

🛡️Heavy put hedging at 785 and 825 indicates downside concerns

🔁Positive GEX/DEX alignment supports upward drift despite hedging

How to Use These Reports

This flow reflects the market close on May 14, 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.