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MU

Micron Technology, Inc.Close $1051.77EOD only

Max Pain

$1035.00

Next expiry Jun 26, 2026

Expected Move

±$135.43

12.9% from close

Price Gap

-16.77

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.49

Slightly put-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 23, 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 23, 2026 close

MU Flow Report

Analysis based on market close June 24, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.1% from MP; +0.5 VIX 19

Watch next session: 1000 support; 1020-1040 call OI

Flow Summary

Net premium: +$898.7M bullish

P/C volume ratio: 1.11

P/C OI ratio: 1.47

Net premium +$898M with +$18.6M GEX pinning near MP. Unusual call prints cluster at 1020-1040 strikes (high vol/OI). Far OTM $60 put appears defensive. Mixed put/call ratios but call dominance in GEX suggests bullish bias.

Notable Prints

MU 2026-07-02 $60.00 Put

Vol: 9,502

OI: 122

Vol/OI: 77.9x

IV: 601.6%

Notional: ~$10K

Intent: Speculative bearish bet or tail hedge

Dual read: Possible error given extreme IV

Read-through: High vol/oi suggests aggressive bearish sentiment

MU 2026-06-26 $1055.00 Call

Vol: 9,143

OI: 412

Vol/OI: 22.2x

IV: 152.6%

Notional: ~$50.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-26 $1285.00 Call

Vol: 1,099

OI: 115

Vol/OI: 9.6x

IV: 149.5%

Notional: ~$495K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-26 $1040.00 Call

Vol: 4,586

OI: 482

Vol/OI: 9.5x

IV: 153.3%

Notional: ~$28.8M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-26 $1045.00 Call

Vol: 2,866

OI: 370

Vol/OI: 7.8x

IV: 152.9%

Notional: ~$17.0M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive call buying at 1020-1055 strikes for 6/26 expiry; far OTM calls at 1285-1290.

Put additions: Deep OTM puts at strikes 35 and 60 with high vol/oi ratios, likely hedges.

GEX/DEX consistency: Consistent: positive GEX ($18.6M) and DEX (+88M shares) support bullish bias.

OI clusters: Put OI concentrated ~4.6% below spot (gamma flip ~1000).

Hedging evidence: Deep OTM puts suggest downside hedging despite call activity.

Max pain context: Spot near max pain; regime indicates gamma pinning.

Signal vs Noise

~Deep OTM puts (strike 35, 60) are noise: negligible premium, likely hedges or lottery.

~Far OTM calls (1285-1290) are speculative but reflect upside bets.

~Near-the-money calls (1020-1055) with high volume are clear bullish signal.

Key Conclusions

📈Heavy call accumulation at 1020-1055 with GEX/DEX support suggests institutional bullish positioning.

⚖️Spot at max pain with gamma pinning may limit near-term moves; mixed flow warrants caution.

How to Use These Reports

This flow reflects the market close on June 24, 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.