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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 12, 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 6.7% from MP; +1 VIX 18

Watch next session: $980; $990; $1000

Flow Summary

Net premium: +$872.6M bullish

P/C volume ratio: 0.89

P/C OI ratio: 1.46

Heavy put buying at 980-995 contrasts with positive net premium and low put/call vol ratio, suggesting hedging. GEX positive. Call volume high at 995. Bias bullish but guarded.

Notable Prints

MU 2026-06-12 $985.00 Put

Vol: 11,625

OI: 378

Vol/OI: 30.8x

IV: 18.1%

Notional: ~$5.8M

Intent: Hedging or bearish bet

Read-through: High vol/oi ratio indicates aggressive put buying.

MU 2026-06-12 $995.00 Call

Vol: 16,946

OI: 873

Vol/OI: 19.4x

IV: 14.0%

Notional: ~$85K

Intent: Speculative lottery

Read-through: Cheap calls with high volume suggest upside speculation.

MU 2026-06-18 $1870.00 Call

Vol: 3,922

OI: 220

Vol/OI: 17.8x

IV: 160.4%

Notional: ~$63K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-12 $990.00 Put

Vol: 13,566

OI: 835

Vol/OI: 16.2x

IV: 22.6%

Notional: ~$11.5M

Intent: Bearish positioning

Read-through: High put vol/oi indicates bearish flow.

MU 2026-06-12 $995.00 Put

Vol: 7,913

OI: 500

Vol/OI: 15.8x

IV: 47.1%

Notional: ~$8.7M

Intent: Downside protection

Read-through: Part of bearish hedging.

Institutional Positioning

Call additions: Heavy call accumulation at 990/995/1005 strikes

Put additions: Notable put additions at 980-1005 strikes

GEX/DEX consistency: Positive GEX/DEX align with pinning regime

OI clusters: Put OI heavy 985-1005 (~3.6k), Calls heavy 990-1005 (~3.8k); gamma flip at 730

Hedging evidence: Large put volume at 985P, 990P suggests hedging

Max pain context: Spot 6.7% above MP; pinning likely 990-1000 zone

Signal vs Noise

~Real signal: Concentrated put/call activity around 990-1005 with consistent positive GEX/DEX

~Real signal: Gamma regime indicates pinning, likely between 990-1005

~Noise: Far OTM 1870C with high IV but low OI

~Noise: High vol/oi ratio prints with low absolute OI may be retail

Key Conclusions

🧐Institutions hedge near 1000 while adding call premium; mixed bias.

📌Gamma pinning likely traps spot 990-1005; watch post-expiration expansion.

How to Use These Reports

This flow reflects the market close on June 12, 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.