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MU

Micron Technology, Inc.Close $981.61EOD only

Max Pain

$500.00

Next expiry Jun 18, 2026

Expected Move

±$100.92

10.3% from close

Price Gap

-481.61

Distance to max pain

IV Rank

100

High premium

P/C OI

1.46

Slightly put-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

MU Flow Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

View latest report

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.5% from MP; +0.5 VIX 19

Watch next session: $915C; QQQ; VIX

Flow Summary

Net premium: +$2.0B bullish

P/C volume ratio: 0.94

P/C OI ratio: 1.43

Call heavy but puts hedge; pinning. Mixed bias.

Notable Prints

MU 2026-06-12 $915.00 Call

Vol: 5,395

OI: 432

Vol/OI: 12.5x

IV: 100.3%

Notional: ~$46.0M

Intent: Bullish call buying

Dual read: Short covering

Read-through: Expects rally

MU 2026-06-12 $922.50 Call

Vol: 2,589

OI: 281

Vol/OI: 9.2x

IV: 96.1%

Notional: ~$20.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-12 $917.50 Call

Vol: 1,869

OI: 208

Vol/OI: 9.0x

IV: 99.3%

Notional: ~$15.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-12 $710.00 Put

Vol: 9,261

OI: 1,263

Vol/OI: 7.3x

IV: 203.2%

Notional: ~$602K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-18 $470.00 Put

Vol: 24,736

OI: 3,851

Vol/OI: 6.4x

IV: 206.4%

Notional: ~$1.1M

Intent: Bearish speculation

Dual read: Hedge

Read-through: Downside fear

Institutional Positioning

Call additions: Calls added at 910-925 strikes (high vol/oi)

Put additions: Puts added at 470, 710 strikes (deep OTM hedging) and 912.5 put (bearish hedge)

GEX/DEX consistency: GEX +57.8M, DEX +102M; positive gamma/delta alignment bullish but mixed flow

OI clusters: Put OI heavy below 730 (gamma flip); call OI building at 910+

Hedging evidence: Deep OTM puts (470, 710) suggest tail hedging; call buying may be unhedged

Max pain context: MP below spot; positive GEX pins above MP; potential pin near 800

Signal vs Noise

~Call buying at 910-925: signal (bullish)

~470P block (24k vol): hedging signal

~Low-strike puts (710, 727.5): noise (retail)

~912.5 put low vol/oi: noise

Key Conclusions

📈Large call buying at 910-925 signals upside bets; follow-up needed.

🛡️Deep OTM put buying (470, 710) indicates institutional hedging; risk-off signal.

⚖️Mixed flow with net premium +$2B; GEX pinning supports spot near MP.

How to Use These Reports

This flow reflects the market close on June 11, 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.