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MU

Micron Technology, Inc.Close $1048.51EOD only

Max Pain

$1050.00

Next expiry Jun 26, 2026

Expected Move

±$116.83

11.1% from close

Price Gap

+1.49

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.47

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 24, 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 24, 2026 close

MU Flow Report

Analysis based on market close June 25, 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 16.7% from MP; +0.5 VIX 19

Watch next session: 1000 (gamma flip); 1200 (put wall); MP ~840

Flow Summary

Net premium: +$3.4B bullish

P/C volume ratio: 1.07

P/C OI ratio: 1.49

Heavy put flow dominates volume and OI, but positive GEX and pinning regime suggest dealers lean long. Spot well above MP adds caution. Unusual prints show aggressive put buying at 675 and call buying at 1400, reflecting mixed hedging. Net long premium supports underlying but puts cap upside.

Notable Prints

MU 2026-07-02 $675.00 Put

Vol: 25,389

OI: 273

Vol/OI: 93.0x

IV: 179.1%

Notional: ~$2.8M

Intent: Speculative bearish bet on deep drop

Dual read: May be part of put spread

Read-through: Bearish tail risk positioning

MU 2026-07-02 $1200.00 Put

Vol: 7,115

OI: 133

Vol/OI: 53.5x

IV: 88.8%

Notional: ~$40.9M

Intent: Bearish view expecting decline below 1200

Dual read: Protective hedge for long stock

Read-through: Increased bearish sentiment

MU 2026-06-26 $1160.00 Put

Vol: 4,035

OI: 174

Vol/OI: 23.2x

IV: 81.4%

Notional: ~$3.6M

Intent: Speculation on immediate drop below 1160 at expiry

Dual read: Closing or rolling existing positions

Read-through: Intraday bearish bias

MU 2026-07-02 $605.00 Put

Vol: 3,669

OI: 169

Vol/OI: 21.7x

IV: 192.5%

Notional: ~$202K

Intent: Lottery ticket or tail hedge

Dual read: Part of put ratio spread

Read-through: Extreme downside insurance

MU 2026-06-26 $1210.00 Put

Vol: 4,032

OI: 192

Vol/OI: 21.0x

IV: 78.5%

Notional: ~$10.5M

Intent: Bearish bet on decline before expiry

Dual read: Could be opening or closing

Read-through: Near-term negative outlook

Institutional Positioning

Call additions: OTM calls at $1235, $1275, $1400

Put additions: Puts from $605 to $1210, high volume

GEX/DEX consistency: Yes, positive GEX $71.9M, DEX +94.7M supports pinning

OI clusters: Gamma flip $1000; OI at $1160-1210 puts, $1400 call

Hedging evidence: Puts for hedging; OTM calls may be sold in collars

Max pain context: Spot above MP, pinning upside

Signal vs Noise

~Large put volume at $605/$675 is speculative noise

~Call buying at $1235-1400 is bullish signal

~High put/call OI ratio reflects hedging, not bearish

~GEX+ and pinning regime support upside

Key Conclusions

📈Call flow and positive GEX suggest bullish positioning

⚠️Massive put activity warns of hedging, but spot above MP

How to Use These Reports

This flow reflects the market close on June 25, 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.