Home Options MUReports

MU

Micron Technology, Inc.Close $1087.99EOD only

Max Pain

$560.00

Next expiry Jun 18, 2026

Expected Move

±$90.20

8.3% from close

Price Gap

-527.99

Distance to max pain

IV Rank

100

High premium

P/C OI

1.45

Slightly put-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

MU Flow Report

Analysis based on market close June 16, 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 59.5% from MP; +1 VIX 16

Watch next session: Gamma flip ~730; High OI strikes ~1035-1045

Flow Summary

Net premium: +$584.8M bullish

P/C volume ratio: 1.00

P/C OI ratio: 1.48

Heavy net premium inflow with mixed put/call volume. Unusual prints active at 1045 and 1035 strikes, suggesting hedging or positioning in a range. Positive GEX indicates pinning, but high volatility complicates outlook.

Notable Prints

MU 2026-06-26 $1240.00 Call

Vol: 3,662

OI: 203

Vol/OI: 18.0x

IV: 123.3%

Notional: ~$8.9M

Intent: Speculative call, high vol/oi

Dual read: Could be hedge

Read-through: Implies extreme upside expectation

MU 2026-06-18 $1045.00 Call

Vol: 2,980

OI: 248

Vol/OI: 12.0x

IV: 91.8%

Notional: ~$7.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-18 $1035.00 Put

Vol: 2,956

OI: 289

Vol/OI: 10.2x

IV: 89.9%

Notional: ~$11.8M

Intent: Hedging or bearish put

Dual read: Could be married put

Read-through: Downside protection near strike

MU 2026-06-18 $1045.00 Put

Vol: 3,717

OI: 392

Vol/OI: 9.5x

IV: 89.7%

Notional: ~$17.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-18 $1035.00 Call

Vol: 1,792

OI: 194

Vol/OI: 9.2x

IV: 92.2%

Notional: ~$4.8M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: OTM calls added on 6/26 $1240 & 6/18 $1045-1055.

Put additions: Puts added on 6/18 $1035-1085 & 6/26 $810 tail.

GEX/DEX consistency: GEX $31.4M + DEX 100.7M shares, but high put OI ratio (1.48) mixed.

OI clusters: OI concentrated near $1000-1100 strikes; $1045 level key.

Hedging evidence: OTM $810 put tail hedge; put spreads suggest collars.

Max pain context: Spot above MP, pinning gamma favors mean reversion.

Signal vs Noise

~High vol/OI on 6/18 $1045C & $1035P signal active bets.

~$1240C lottery is noise unless sustained.

~Put-heavy OI flow is hedging noise not directional.

Key Conclusions

📈Bullish call flow on OTM strikes shows upside speculation.

🛡️Hedging via puts suggests caution near earnings.

⚠️Mixed flow with high put OI likely noise; gamma pinning prevails.

How to Use These Reports

This flow reflects the market close on June 16, 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.