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MU

Micron Technology, Inc.Close $465.66EOD only
Max Pain
$395.00
Next expiry Apr 17, 2026
Expected Move
±$27.02
5.8% from close
Price Gap
-70.66
Distance to max pain
IV Rank
50
Middle-high premium
P/C OI
1.14
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Apr 14, 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
Apr 14, 2026 close
MU AI Consensus Report
Analysis based on market close April 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 because positioning, positive GEX and heavy call flow align to support a bullish pin in the near-term, but conviction is tempered by clustered expiries/earnings and a clearly defined gamma flip level (~$395–$400) that could erase the thesis quickly; therefore signals are meaningful but not high-certainty.

Where Perspectives Agree

Market is pinned in a bullish near-term range with dealer short-gamma amplifying moves toward the $480–$500 call-cluster; that environment favours defined-risk, premium-selling structures that collect rich short-dated credit while keeping upside participation limited.

Where They Diverge

The dominant bullish pin is directly threatened by event and structural magnets: concentrated OI/max-pain around $395–$400 and an upcoming binary calendar (earnings/expiration clusters) create a credible path that would flip dealer hedging and force selling — this directly contradicts any high-confidence directional rally thesis. Separately, elevated event IV and term-structure front-loading undermine aggressive short-theta positions because realized event outcomes can produce outsized gap risk that neutralizes premium advantages.

Top Trade
via theta

Sell Apr 17 450/440 put spread for credit (defined-risk, short-dated); expected credit ~mid-single-digit dollars per contract.

Key Risk

A decisive break and close below $395–$400 on elevated volume (expiration/earnings-triggered gap) flips dealer gamma to procyclical selling, collapses the pin, and accelerates downside toward the next structural support near $360–$365 — this scenario would invalidate the bullish/premium-selling thesis.

Read the AI Analyst Consensus for MU for 2026-04-14. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.