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MU

Micron Technology, Inc.Close $1079.57EOD only

Max Pain

$950.00

Next expiry Jun 5, 2026

Expected Move

±$67.48

6.3% from close

Price Gap

-129.57

Distance to max pain

IV Rank

100

High premium

P/C OI

1.54

Slightly put-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 3, 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

Jun 3, 2026 close

MU Flow Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 15

Watch next session: Watch if call volume at 1000-1025 remains elevated; monitor price action near gamma flip.

Flow Summary

Net premium: +$1.2B bullish

P/C volume ratio: 1.03

P/C OI ratio: 1.53

Aggressive call buying in front expiry dominates, with high net premium and positive GEX. Despite elevated put OI, flow leans bullish but mixed regime suggests caution.

Notable Prints

MU 2026-06-05 $1005.00 Call

Vol: 8,082

OI: 401

Vol/OI: 20.1x

IV: 73.8%

Notional: ~$15.0M

Intent: Call accumulation

Read-through: Expects price above $1005 by expiry.

MU 2026-06-12 $790.00 Put

Vol: 14,471

OI: 730

Vol/OI: 19.8x

IV: 106.4%

Notional: ~$8.2M

Intent: Bearish put buying

Dual read: Could be hedging down to $790

Read-through: Anticipates downside below $790 next week.

MU 2026-06-05 $1015.00 Call

Vol: 5,971

OI: 355

Vol/OI: 16.8x

IV: 74.4%

Notional: ~$8.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-05 $1020.00 Call

Vol: 17,573

OI: 1,268

Vol/OI: 13.9x

IV: 73.7%

Notional: ~$21.1M

Intent: Aggressive call buying

Read-through: Strong bullish bet for tomorrow's close above $1020.

MU 2026-06-05 $995.00 Call

Vol: 5,884

OI: 430

Vol/OI: 13.7x

IV: 75.0%

Notional: ~$13.2M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Calls at 1000-1025 for Jun5, high vol/oi

Put additions: Puts at 790/810 for Jun12, hedges

GEX/DEX consistency: GEX+$13M, DEX+98.7M shares, bullish aligned

OI clusters: Call OI peak 1025 (4437), put OI peak 765 (25226)

Hedging evidence: Put volume for next week, high put OI ratio 1.53

Max pain context: Spot above MP; positive GEX pins above

Signal vs Noise

~Call buying at 1000-1025 for Jun5 is bullish signal

~Put buying at 790/810 for Jun12 is hedging signal

~Far OTM put at 555 is noise

~Volume spike at 1020 call is significant

Key Conclusions

📈Institutions add upside calls near 1000+ for this week, bullish bias.

🛡️Put additions for next week at 790/810 hedge downside.

⚠️High put OI ratio 1.53 and gamma flip at 765 warn downside risk.

How to Use These Reports

This flow reflects the market close on June 4, 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.