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MU

Micron Technology, Inc.Close $751.00EOD only

Max Pain

$690.00

Next expiry May 29, 2026

Expected Move

±$65.55

8.7% from close

Price Gap

-61.00

Distance to max pain

IV Rank

High premium

P/C OI

1.31

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 22, 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 22, 2026 close

MU Flow Report

Analysis based on market close May 26, 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 27.1% from MP; +1 VIX 17

Watch next session: $880 call OI area; $920 call OI area; $800 put OI area

Flow Summary

Net premium: +$3.6B bullish

P/C volume ratio: 0.86

P/C OI ratio: 1.39

Heavy call and put activity with net positive premium, gamma pinning near $880-920, and high IV. Spot above MP suggests upside bias, but mixed flow keeps caution. Watch key OI clusters for direction.

Notable Prints

MU 2026-05-29 $840.00 Put

Vol: 5,371

OI: 101

Vol/OI: 53.2x

IV: 98.9%

Notional: ~$7.9M

Intent: Bearish

Dual read: Hedge

Read-through: Drop

MU 2026-05-29 $885.00 Call

Vol: 4,873

OI: 123

Vol/OI: 39.6x

IV: 101.4%

Notional: ~$21.1M

Intent: Bullish

Dual read: Speculation

Read-through: Rally

MU 2026-05-29 $800.00 Put

Vol: 19,238

OI: 572

Vol/OI: 33.6x

IV: 102.1%

Notional: ~$12.9M

Intent: Bearish

Dual read: Hedge

Read-through: Drop

MU 2026-05-29 $830.00 Put

Vol: 4,178

OI: 147

Vol/OI: 28.4x

IV: 99.4%

Notional: ~$5.1M

Intent: Bearish

Dual read: Hedge

Read-through: Drop

MU 2026-06-05 $920.00 Call

Vol: 3,889

OI: 145

Vol/OI: 26.8x

IV: 102.4%

Notional: ~$21.1M

Intent: Bullish

Dual read: Speculation

Read-through: Rally

Institutional Positioning

Call additions: Calls at 880,885,920,970,1150 (20-40x OI).

Put additions: Puts at 800,830,840 (23-53x OI).

GEX/DEX consistency: GEX +44.5M, DEX +89.8M both positive, bullish pinning.

OI clusters: 880 call (607), 800 put (572), 920 call (264), gamma flip 640.

Hedging evidence: Extreme put volume at 800-840 and high put/call OI ratio (1.39).

Max pain context: Spot 27.1% above MP; gamma pinning suggests price pinned near current.

Signal vs Noise

~Put volume at 800-840 is real hedging.

~Call volume at 880-920 is speculative upside.

~Put/call OI ratio bearish but volume ratio bullish (mixed flow).

~GEX/DEX alignment confirms bullish gamma pinning.

~Spot far above MP signals potential mean reversion risk.

Key Conclusions

🛡️Heavy hedging at 800-840 puts signals downside protection by smart money.

🚀Call additions at 880+ reflect bullish bets on continued upside.

⚠️High VIX (17) and spot 27% above MP warn of potential volatility.

How to Use These Reports

This flow reflects the market close on May 26, 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.