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MU

Micron Technology, Inc.Close $971.00EOD only
Max Pain
$820.00
Next expiry Jun 5, 2026
Expected Move
±$107.40
11.1% from close
Price Gap
-151.00
Distance to max pain
IV Rank
100
High premium
P/C OI
1.47
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: May 29, 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 29, 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.

You are viewing an older report from April 14, 2026. A newer ai consensus report is available for May 26, 2026.

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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.

How to Use These Reports
This ai consensus reflects the market close on April 14, 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.