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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 22, 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 5.8% from MP; +1 VIX 17

Watch next session: Monitor put OI changes at 760-770; Watch spot relative to gamma flip

Flow Summary

Net premium: +$472.8M bullish

P/C volume ratio: 1.06

P/C OI ratio: 1.31

MU shows positive GEX and DEX with net premium inflow, but elevated put volume ratios and heavy put prints indicate hedging. Bullish bias if spot remains above 620 gamma flip.

Notable Prints

MU 2026-05-29 $615.00 Put

Vol: 34,061

OI: 515

Vol/OI: 66.1x

IV: 94.7%

Notional: ~$11.1M

Intent: Aggressive bearish speculation or hedge

Dual read: Institution hedging downside risk

Read-through: Bearish near-term bias

MU 2026-05-29 $460.00 Put

Vol: 9,312

OI: 403

Vol/OI: 23.1x

IV: 135.5%

Notional: ~$270K

Intent: Bearish tail speculation

Dual read: Tail risk hedge

Read-through: Extreme bearish outlook

MU 2026-05-22 $765.00 Put

Vol: 14,691

OI: 735

Vol/OI: 20.0x

IV: 44.9%

Notional: ~$19.1M

Intent: Protective put buying

Dual read: Closing position on expiration day

Read-through: Bearish or hedging

MU 2026-05-22 $775.00 Call

Vol: 31,698

OI: 1,870

Vol/OI: 16.9x

IV: 22.3%

Notional: ~$32K

Intent: Lottery-style call buying

Dual read: Rolling or speculative

Read-through: Slightly bullish or neutral

MU 2026-05-29 $430.00 Put

Vol: 17,623

OI: 1,044

Vol/OI: 16.9x

IV: 142.8%

Notional: ~$352K

Intent: Bearish speculation

Dual read: Tail hedge

Read-through: Deep bearish

Institutional Positioning

Call additions: Minimal; only $775 calls (expired).

Put additions: Heavy at $615 (34k) and $460 (9k), plus near strikes.

GEX/DEX consistency: GEX +$59M, DEX +87M, both positive.

OI clusters: Largest OI $620 put (17.4k).

Hedging evidence: Extensive put buying suggests hedging.

Max pain context: Spot above MP; pinning near $760-770.

Signal vs Noise

~Signal: $615 put vol 66x OI, $460 put 23x – institutional hedging.

~Noise: $775 call vol high but $0.01 premium – likely closing.

Key Conclusions

🛡️Heavy puts below $620 suggest bearish hedging.

⚠️Mixed flow; spot above MP may pin near $760.

How to Use These Reports

This flow reflects the market close on May 22, 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.