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MU

Micron Technology, Inc.Close $455.07EOD only
Max Pain
$420.00
Next expiry Apr 24, 2026
Expected Move
±$33.02
7.3% from close
Price Gap
-35.07
Distance to max pain
IV Rank
82
High premium
P/C OI
1.16
Slightly put-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: Apr 17, 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 17, 2026 close
MU AI Consensus Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.0

out of 10

Score 6 because multiple signals align on a pinned, range-bound up-tick, but conviction is capped by near-term earnings-driven binary risk and pockets of institutional one-way flow that can rapidly break dealer gamma support.

Where Perspectives Agree

Market consensus is a modestly bullish, pin-to-range thesis centered around $400–425 that favors defined-risk income or neutral-to-upside exposure into a controlled move toward low-$450s while dealer gamma compresses realized volatility.

Where They Diverge

Flow and earnings signals conflict: flow shows directional institutional purchases and skew into one-sided exposure, while earnings term-structure and short-dated put buying imply a priced binary and insurer demand that would undermine a calm pin if realized; theta favors selling into pin, but earnings/flow could force rapid repricing that hurts premium sellers.

Top Trade
via theta

Sell May 29 2026 $425/$375 put credit spread for a net credit (theta-focused defined-risk income).

Key Risk

Break and close below $390 (gamma flip) triggered by a broad market selloff or negative earnings surprise — dealer gamma reverses, pins fail and downside accelerates toward the $375 gap/support area.

How to Use These Reports
This ai consensus reflects the market close on April 20, 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.