Home Options MUReports

MU

Micron Technology, Inc.Close $1213.56EOD only

Max Pain

$1040.00

Next expiry Jun 26, 2026

Expected Move

±$27.45

2.3% from close

Price Gap

-173.56

Distance to max pain

IV Rank

High premium

P/C OI

1.49

Slightly put-heavy

Consensus

5.0/10

Range bias

Published snapshot: Jun 25, 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 25, 2026 close

MU Flow Report

Analysis based on market close June 26, 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); -0.5 spot 4.4% from MP; +0.5 VIX 18

Watch next session: Monitor 7/2 call activity; Gamma flip level stability

Flow Summary

Net premium: +$665.2M bullish

P/C volume ratio: 1.00

P/C OI ratio: 1.57

Positive GEX and heavy net premium despite mixed volume ratios. Calls, especially near 1165-1180, indicate bullish speculation. High vol regime adds risk; pinning around current levels plausible.

Notable Prints

MU 2026-07-02 $140.00 Put

Vol: 10,006

OI: 204

Vol/OI: 49.0x

IV: 400.0%

Notional: ~$10K

Intent: Lottery put

Read-through: Extreme downside fear

MU 2026-06-26 $1165.00 Call

Vol: 14,467

OI: 418

Vol/OI: 34.6x

IV: 25.0%

Notional: ~$43K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-26 $1170.00 Call

Vol: 18,882

OI: 770

Vol/OI: 24.5x

IV: 22.3%

Notional: ~$19K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-06-26 $1145.00 Call

Vol: 8,527

OI: 425

Vol/OI: 20.1x

IV: 19.4%

Notional: ~$554K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

MU 2026-07-02 $635.00 Put

Vol: 2,395

OI: 127

Vol/OI: 18.9x

IV: 187.2%

Notional: ~$206K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Speculative OTM call buying in $1145-1180 strikes, near expiry

Put additions: Heavy put OI at strikes ~11.7% below spot, hedging flows

GEX/DEX consistency: Consistent: GEX +10.8M, DEX +92M shares, long gamma/delta

OI clusters: Strong put OI cluster near $1000 (gamma flip), call OI scattered OTM

Hedging evidence: Large put OI suggests institutional downside hedging

Max pain context: MP likely near put OI cluster, pinning expected

Signal vs Noise

~OTM call buying in thinnly traded strikes is speculative noise, not institutional

~Massive volume in $140 put (0.01 last) is noise: likely hedge adjustment

~Near-expiry call volume on OTM strikes is noise from short-term traders

Key Conclusions

📌Put OI dominance and GEX+ suggest dealer pinning, but volume mixed

⚠️Speculative call buying at OTM strikes in thin liquidity is noise

🔒Heavy put OI below spot signals institutional hedging bias

How to Use These Reports

This flow reflects the market close on June 26, 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.