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MU

Micron Technology, Inc.Close $762.10EOD only
Max Pain
$700.00
Next expiry May 22, 2026
Expected Move
±$27.20
3.6% from close
Price Gap
-62.10
Distance to max pain
IV Rank
58
Middle-high premium
P/C OI
1.30
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: May 21, 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
May 21, 2026 close
MU AI Consensus Report
Analysis based on market close April 7, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 7, 2026. A newer ai consensus report is available for May 21, 2026.

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Conviction
6.0

out of 10

Score 6 because all four lenses align on a pinning, theta-rich regime which favors defined-risk income, but conviction is capped by elevated front-end IV and an imminent binary/event window (and concentrated expiry flows) that could rapidly invalidate income trades; not higher because a gamma flip or surprise post-event move would be swift and large.

Where Perspectives Agree

Market is pinned into the April expiration with a bullish tilt — dealer gamma, concentrated call positioning and net buy flow create an upside magnet that makes neutral-to-bull income strategies the highest-probability path forward.

Where They Diverge

Earnings/term-structure and short-dated IV skew create a direct tension with the accumulation signal: the market is positioning for continuation, but elevated event-linked front IV and term-structure suggest traders are also pricing a post-event reversion — this expectation of a post-earnings fade directly undermines any pure directional continuation thesis. Additionally, short-premium trades (theta) rely on sustained pinning while flow indicates continuing buy-side pressure that would steepen IV and punish naive short-gamma into a surprise gap.

Top Trade
via theta

Sell 5/22 360/350 put spread for a net credit (defined-risk, theta-focused income)

Key Risk

A break below $300 that sustains under that level (dealer gamma flip) — trigger: intraday breach and close below $300 — consequence: removal of pinning, rapid downside acceleration toward the next structural support (~$280) and immediate losses for short-premium/put-sell positioning.

How to Use These Reports
This ai consensus reflects the market close on April 7, 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.