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MU

Micron Technology, Inc.Close $456.23EOD only
Max Pain
$400.00
Next expiry Apr 17, 2026
Expected Move
±$21.32
4.7% from close
Price Gap
-56.23
Distance to max pain
IV Rank
53
Middle-high premium
P/C OI
1.15
Slightly put-heavy
Consensus
6.5/10
Range bias
Published snapshot: Apr 15, 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 15, 2026 close
MU AI Consensus Report
Analysis based on market close April 15, 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 multiple signals align on a pin/magnet and elevated IV that favors defined-risk premium sells, but conviction is capped by concentrated $450 put OI and an imminent earnings window that can produce a binary gap; dealer gamma can amplify either direction quickly, so the setup is directional-leaning but event-sensitive.

Where Perspectives Agree

Market is pinned to the 460-ish magnet with dealer short-gamma and bullish flow creating a skewed, theta-rich backdrop that favors selling premium against support rather than naked directional longs.

Where They Diverge

Earnings-driven high front-end vol supports premium selling and pinning to the upside, but concentrated institutional put OI at $450 and near-term max-pain levels below spot imply a pre-earnings liquidity risk where aggressive institutional selling could flip the setup into a fast downside move — flow signals bullish accumulation while OI footprint and event timing create a credible opposing path to the downside.

Top Trade
via theta

Sell Apr 24 $445/$435 put credit spread for ~$0.80 credit (defined-risk theta play into the pin).

Key Risk

A sustained break and daily close below $450 during front-week expiries (dealer gamma flip zone) undermines the pin: it forces rapid dealer re-hedging, removes the upside magnet, and accelerates downside toward $430–$415, invalidating the premium-selling thesis.

Read the AI Analyst Consensus for MU for 2026-04-15. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.