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MU

Micron Technology, Inc.Close $1020.76EOD only

Max Pain

$640.00

Next expiry Jun 18, 2026

Expected Move

±$67.97

6.7% from close

Price Gap

-380.76

Distance to max pain

IV Rank

100

High premium

P/C OI

1.48

Slightly put-heavy

Consensus

6.5/10

Consensus signal

Published snapshot: Jun 16, 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 16, 2026 close

MU Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 58.1% from MP; +0.5 VIX 18

Watch next session: 900; 1050

Flow Summary

Net premium: +$1.6B bullish

P/C volume ratio: 0.95

P/C OI ratio: 1.44

Mixed flow: heavy put buying for protection but net premium positive indicates call interest. GEX positive pins price, high vol suggests uncertainty.

Notable Prints

MU 2026-06-26 $625.00 Put

Vol: 11,411

OI: 453

Vol/OI: 25.2x

IV: 164.4%

Notional: ~$2.9M

Intent: Bearish speculation

Dual read: Part of a put spread

Read-through: Expects drop by 6/26

MU 2026-06-26 $590.00 Put

Vol: 5,615

OI: 351

Vol/OI: 16.0x

IV: 174.4%

Notional: ~$1.2M

Intent: Bearish bet/hedge

Dual read: Similar to 625 put

Read-through: Expects decline below 590

MU 2026-06-18 $1015.00 Put

Vol: 1,451

OI: 157

Vol/OI: 9.2x

IV: 82.1%

Notional: ~$2.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-26 $440.00 Put

Vol: 1,009

OI: 120

Vol/OI: 8.4x

IV: 215.7%

Notional: ~$35K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-18 $1035.00 Call

Vol: 2,796

OI: 356

Vol/OI: 7.8x

IV: 81.6%

Notional: ~$9.8M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at 1035-1055 strikes (6/18 exp)

Put additions: Large put blocks at 590-625 (6/26) and 760 (7/17)

GEX/DEX consistency: GEX +35.4M, DEX +109.5M; consistent with pinning

OI clusters: Put OI cluster 13.7% below spot; calls at 1035-1055

Hedging evidence: Put buying hedging short; no collar evident

Max pain context: Spot above MP; gamma pinning supports consolidation

Signal vs Noise

~Signal: Unusual put volume in 6/26 expiry signals defensive positioning

~Signal: Call buying at 1035-1055 shows bullish conviction

~Noise: Small prints at 440/600 puts likely retail

Key Conclusions

🛡️Institutions loading puts for downside protection; heavy volume in weekly expirations

📈Call demand at high strikes shows optimism above $1000, but limited upside conviction

How to Use These Reports

This flow reflects the market close on June 17, 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.