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MU

Micron Technology, Inc.Close $739.00EOD only

Max Pain

$900.00

Next expiry Jul 31, 2026

Expected Move

±$60.08

8.1% from close

Price Gap

+161.00

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.37

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jul 29, 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

Jul 29, 2026 close

MU Flow Report

Analysis based on market close June 18, 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 18, 2026. A newer flow report is available for June 26, 2026.

View latest report

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 71.8% from MP; +1 VIX 17

Watch next session: 800-850 support; Resistance near recent highs

Flow Summary

Net premium: +$1.9B bullish

P/C volume ratio: 1.75

P/C OI ratio: 1.39

Heavy put buying in deep OTM strikes suggests hedging, but positive gamma and GEX pinning indicate bullish bias. Net premium remains positive. Spot above max pain supports upward drift.

Notable Prints

MU 2026-08-21 $990.00 Put

Vol: 6,478

OI: 170

Vol/OI: 38.1x

IV: 98.8%

Notional: ~$70.9M

Intent: Bearish speculation

Read-through: Expects decline below 990 by Aug 21

MU 2026-06-26 $1100.00 Put

Vol: 10,494

OI: 444

Vol/OI: 23.6x

IV: 121.5%

Notional: ~$67.5M

Intent: Bearish speculation

Read-through: Expects drop below 1100 by Jun 26

MU 2026-07-02 $1000.00 Put

Vol: 18,104

OI: 825

Vol/OI: 21.9x

IV: 114.3%

Notional: ~$76.6M

Intent: Bearish speculation

Read-through: Expects drop below 1000 by Jul 2

MU 2026-06-26 $650.00 Put

Vol: 30,504

OI: 1,479

Vol/OI: 20.6x

IV: 194.8%

Notional: ~$8.4M

Intent: Bearish speculation

Read-through: Expects further decline, deep ITM put

MU 2026-06-26 $540.00 Put

Vol: 10,197

OI: 544

Vol/OI: 18.7x

IV: 221.9%

Notional: ~$1.2M

Intent: Bearish speculation

Read-through: Expects stock to fall, deep ITM put

Institutional Positioning

Call additions: Calls at 1200/1350

Put additions: Puts at 540-650, 990-1100

GEX/DEX consistency: GEX+ DEX+ consistent with pinning

OI clusters: Put OI: 550,650,1000,1100; Call OI: 1200,1350

Hedging evidence: Deep OTM put additions indicate hedging

Max pain context: Spot above MP; pinning to lower levels

Signal vs Noise

~Signal: Heavy put volume at OTM strikes with high vol/OI

~Signal: Large net premium $1.93B

Key Conclusions

📉Heavy put flow at $540-$650 suggests institutional hedging

📈Call additions at $1200 and $1350 show bullish speculation

⚠️Spot above max pain with pinning gamma may drag lower

How to Use These Reports

This flow reflects the market close on June 18, 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.