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MU

Micron Technology, Inc.Close $762.10EOD only

Max Pain

$700.00

Next expiry May 22, 2026

Expected Move

±$27.20

3.6% from close

Price Gap

-62.10

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.30

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 21, 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 21, 2026 close

MU Flow Report

Analysis based on market close May 21, 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 8.9% from MP; +1 VIX 17

Watch next session: 620; 755; 760

Flow Summary

Net premium: +$1.0B bullish

P/C volume ratio: 0.88

P/C OI ratio: 1.30

MU saw net $1B premium with call volume outpacing puts. Large call buys at 755, 760, and 747.5 signal bullish bets despite high put OI. Positive gamma and pinning near current levels support upside bias.

Notable Prints

MU 2026-05-29 $755.00 Call

Vol: 5,071

OI: 230

Vol/OI: 22.1x

IV: 78.1%

Notional: ~$20.7M

Intent: Bullish speculation

Dual read: Covering short calls

Read-through: Bullish near-term

MU 2026-06-26 $740.00 Put

Vol: 3,066

OI: 159

Vol/OI: 19.3x

IV: 85.0%

Notional: ~$22.5M

Intent: Bearish hedge

Dual read: Protective put

Read-through: Downside caution

MU 2026-05-29 $620.00 Put

Vol: 5,212

OI: 527

Vol/OI: 9.9x

IV: 91.1%

Notional: ~$1.7M

Intent: Tail hedge

Dual read: Speculative put sale

Read-through: Fear of crash

MU 2026-05-22 $747.50 Call

Vol: 3,402

OI: 387

Vol/OI: 8.8x

IV: 60.6%

Notional: ~$7.8M

Intent: Bullish momentum

Dual read: Closing short calls

Read-through: Short-term optimism

MU 2026-05-22 $745.00 Put

Vol: 3,832

OI: 525

Vol/OI: 7.3x

IV: 62.9%

Notional: ~$2.7M

Intent: Bearish bet

Dual read: Hedge

Read-through: Mixed sentiment

Institutional Positioning

Call additions: Aggressive call buying at weekly $755-760 strikes; also $755C 5/29

Put additions: Puts added at $745 (weekly), $740 (6/26), and deep OTM $620

GEX/DEX consistency: GEX +$66M, DEX +87.8M shares, both positive consistent with call flow

OI clusters: Weekly $760C (3K) and $755C (2K) OI; put OI cluster at $620 (17.5K) gamma flip

Hedging evidence: Deep OTM put buying suggests downside hedging; mixed put/call flow

Max pain context: Spot ~$762 above MP; MP likely ~$740; positive gamma may pin near $760

Signal vs Noise

~Heavy weekly call volume at $755-760 is real institutional accumulation, not noise.

~Deep OTM $620 put volume is hedging noise, not directional bearish.

~VIX 17 is low but high vol regime adds noise to options pricing.

Key Conclusions

📈Institutions accumulating calls at $755-760 weekly; GEX/DEX supportive

⚠️Put buying at $740 and deep OTM $620 indicates hedging; mixed bias

📌Positive gamma may pin spot near $760 despite above-MP status

How to Use These Reports

This flow reflects the market close on May 21, 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.