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MU

Micron Technology, Inc.Close $731.99EOD only

Max Pain

$695.00

Next expiry May 22, 2026

Expected Move

±$50.38

6.9% from close

Price Gap

-36.99

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.30

Slightly put-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: May 20, 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 20, 2026 close

MU Flow Report

Analysis based on market close May 20, 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 5.3% from MP; +1 VIX 17

Watch next session: gamma levels; call flow at $715-$730

Flow Summary

Net premium: +$711.3M bullish

P/C volume ratio: 0.87

P/C OI ratio: 1.30

Aggressive call buying on weekly and monthly expiries, driving positive GEX. Heavy call OI suggests bullish sentiment, supported by net premium and call volume ratio.

Notable Prints

MU 2026-05-22 $727.50 Call

Vol: 2,455

OI: 270

Vol/OI: 9.1x

IV: 95.6%

Notional: ~$6.7M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-05-22 $717.50 Put

Vol: 1,373

OI: 161

Vol/OI: 8.5x

IV: 94.7%

Notional: ~$2.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-05-22 $712.50 Call

Vol: 1,814

OI: 265

Vol/OI: 6.8x

IV: 96.0%

Notional: ~$6.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-05-29 $730.00 Call

Vol: 3,846

OI: 617

Vol/OI: 6.2x

IV: 86.4%

Notional: ~$16.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-05-22 $715.00 Call

Vol: 4,551

OI: 782

Vol/OI: 5.8x

IV: 95.5%

Notional: ~$15.7M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: High vol/oi call prints at 710-730 strikes; notable 730C 5/29.

Put additions: Puts at 717.5 and 375 (deep OTM hedge).

GEX/DEX consistency: Aligned: GEX +$35.9M, DEX +85.8M; long gamma above 620.

OI clusters: Top OI: 725C/715C/730C/722.5C.

Hedging evidence: Tail hedge with 375P.

Max pain context: Spot above MP; pinning regime; VIX 17.44.

Signal vs Noise

~Signal: high vol/oi calls, GEX/DEX alignment, large net premium.

~Noise: deep OTM 375P (hedge), high 5/22 volume near expiry.

Key Conclusions

📈Bullish call accumulation at 710-730 strikes.

📌Pinning likely near 720-730; dealers long gamma.

🛡️Tail hedge via 375P signals downside caution.

How to Use These Reports

This flow reflects the market close on May 20, 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.