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MU

Micron Technology, Inc.Close $449.38EOD only
Max Pain
$430.00
Next expiry Apr 24, 2026
Expected Move
±$26.85
6.0% from close
Price Gap
-19.38
Distance to max pain
IV Rank
29
Middle-high premium
P/C OI
1.23
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Apr 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
Apr 21, 2026 close
MU AI Consensus Report
Analysis based on market close April 22, 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 flow, GEX and theta all align toward pinning and premium-rich selling, but the open earnings/event tail and the possibility of a liquidity-driven volatility spike limit higher conviction.

Where Perspectives Agree

Market is pinned into a bullish mean-reversion centered near $500–$514 driven by dealer long-gamma and persistent buy flow; gamma-backed dynamic hedging makes upward reversion the highest-probability near-term outcome.

Where They Diverge

Earnings/event risk remains the primary contradiction: an adverse post-earnings gap or volatility spike would force dealer re-hedges (and IV term-structure shifts) that can erase the pin and produce a sharp downside move, directly opposing the bullish gamma-driven setup.

Top Trade
via theta

Sell 2026-06-18 $420/$410 put spread for a net credit (theta persona)

Key Risk

A decisive break and close below $420 on significant volume flips dealer net-gamma to short; consequence is accelerated downside toward $410 where stop-gaps and gap-fill selling materialize, invalidating the pin thesis.

How to Use These Reports
This ai consensus reflects the market close on April 22, 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.