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MU

Micron Technology, Inc.Close $864.01EOD only

Max Pain

$940.00

Next expiry Jun 12, 2026

Expected Move

±$101.42

11.7% from close

Price Gap

+75.99

Distance to max pain

IV Rank

100

High premium

P/C OI

1.52

Slightly put-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 5, 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 5, 2026 close

MU Flow Report

Analysis based on market close June 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 19

Watch next session: 730 support; 940-1000 call concentration; 1000 resistance

Flow Summary

Net premium: +$1.1B bullish

P/C volume ratio: 0.95

P/C OI ratio: 1.51

Heavy call volume concentrated in weekly 935-1000 strikes with massive OI buildup, indicating strong bullish positioning. Positive gamma and dealer delta hedging (DEX +95.7M) support upside. High IV reflects optionality demand. Net premium $1.09B call-heavy.

Notable Prints

MU 2026-06-12 $955.00 Call

Vol: 6,606

OI: 282

Vol/OI: 23.4x

IV: 101.1%

Notional: ~$27.7M

Intent: Bullish opening

Read-through: Expects upside

MU 2026-06-12 $935.00 Call

Vol: 3,800

OI: 236

Vol/OI: 16.1x

IV: 101.6%

Notional: ~$19.8M

Intent: Bullish opening

Read-through: Expects upside

MU 2026-06-12 $1130.00 Call

Vol: 1,913

OI: 142

Vol/OI: 13.5x

IV: 102.5%

Notional: ~$775K

Intent: Speculative long

Dual read: Possible hedge unwind

Read-through: Anticipates spike

MU 2026-06-26 $1620.00 Call

Vol: 1,960

OI: 151

Vol/OI: 13.0x

IV: 121.9%

Notional: ~$670K

Intent: Lottery bet

Read-through: Extreme bullish

MU 2026-06-12 $940.00 Call

Vol: 9,494

OI: 743

Vol/OI: 12.8x

IV: 102.3%

Notional: ~$47.2M

Intent: Bullish opening

Dual read: Spread component

Read-through: Bullish conviction

Institutional Positioning

Call additions: Heavy call buying at 935-965 strikes and far OTM 1130/1620; 25k vol at $1000C

Put additions: Modest put buying at $955 (3k vol) likely hedging

GEX/DEX consistency: Consistent bullish: GEX +$16M, DEX +95.7M shares

OI clusters: Largest OI near $1000C (3,840), also $940-965C cluster

Hedging evidence: $955 put position suggests downside hedge amid call buying

Max pain context: Spot above MP; pinning likely ~$950-1000 given OI

Signal vs Noise

~Heavy near-term call buying (signal)

~Far OTM call buying likely noise (lottery)

~Put buying at $955 may be hedging (signal)

~High put/call OI ratio (1.5) indicates bearish OI but distorted by long-dated puts

Key Conclusions

📈Institutions adding calls near $940-965; net bullish flow

⚠️Far OTM calls (1130,1620) are speculative noise

🔒Downside hedging via $955 put suggests caution

How to Use These Reports

This flow reflects the market close on June 8, 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.