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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 15, 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 94.3% from MP; +1 VIX 16

Watch next session: Spot holds above gamma flip $900; Put OI ratio declines; Call OI builds at 1100+

Flow Summary

Net premium: +$2.5B bullish

P/C volume ratio: 0.98

P/C OI ratio: 1.45

Strong net premium and positive dealer gamma suggest bullish backing, but elevated put OI ratio and unusual put prints at 550/1040/1070 signal hedging. Flow mixed but leans bullish with pinning at 900 and upside call speculation.

Notable Prints

MU 2026-06-18 $1070.00 Put

Vol: 4,636

OI: 107

Vol/OI: 43.3x

IV: 98.4%

Notional: ~$16.7M

Intent: Bearish speculation

Read-through: Anticipates drop below $1070

MU 2026-06-18 $1040.00 Put

Vol: 2,923

OI: 113

Vol/OI: 25.9x

IV: 100.1%

Notional: ~$7.6M

Intent: Bearish speculation

Read-through: Anticipates drop to $1040

MU 2026-12-18 $550.00 Put

Vol: 16,431

OI: 734

Vol/OI: 22.4x

IV: 95.4%

Notional: ~$70.2M

Intent: Tail hedge

Read-through: Protection against long-term downside

MU 2026-06-18 $1075.00 Call

Vol: 6,690

OI: 388

Vol/OI: 17.2x

IV: 100.0%

Notional: ~$34.8M

Intent: Bullish speculation

Read-through: Anticipates rise above $1075

MU 2026-06-18 $1080.00 Put

Vol: 2,456

OI: 149

Vol/OI: 16.5x

IV: 98.2%

Notional: ~$10.3M

Intent: Bearish hedge

Read-through: Anticipates drop below $1080

Institutional Positioning

Call additions: Added calls at 1065, 1075, 1125, 1250 strikes; 1250C volume 11.7x OI

Put additions: Aggressive puts at 1070P (43.3x), 1040P (25.9x), 1080P (16.5x); long-dated 550P (22.4x)

GEX/DEX consistency: Consistent: GEX +$47.1M (pinning), DEX +101.7M, gamma flip at 900

OI clusters: Put OI cluster ~8.5k contracts 17% below spot at ~900; call OI thin above

Hedging evidence: Large high-strike puts suggest collar/hedge positioning

Max pain context: Spot above MP (~950-1000); pinning expected from positive GEX

Signal vs Noise

~High put volume at 1070/1040 is likely hedging, not directional bearish

~Call buying at 1250 is speculative lottery, low probability

~550 puts are long-term tail hedge, not near-term signal

Key Conclusions

⚠️Put flow at high strikes indicates institutional hedging

🔥Call additions near 1065-1075 show bullish tilt

📉VIX 16 elevated; proceed with caution

How to Use These Reports

This flow reflects the market close on June 15, 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.