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MU

Micron Technology, Inc.Close $731.99EOD only
Max Pain
$695.00
Next expiry May 22, 2026
Expected Move
±$50.38
6.9% from close
Price Gap
-36.99
Distance to max pain
IV Rank
57
Middle-high premium
P/C OI
1.30
Slightly put-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: May 20, 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 20, 2026 close
MU AI Consensus Report
Analysis based on market close May 19, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 19, 2026. A newer ai consensus report is available for May 20, 2026.

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Conviction
7.0

out of 10

7 not 8 because the earnings event on Jun 24 creates a binary catalyst that could break the pin regardless of current positioning. The conflict between flow's bullish accumulation and earnings' put-heavy skew reduces alignment, capping conviction below 8.

Where Perspectives Agree

All perspectives converge on a bullish-to-neutral pin near $700, supported by dealer positive gamma, high call flow, and elevated IV favoring premium selling. The pin is reinforced by max pain at $700 and expectations of range-bound price action.

Where They Diverge

Flow shows massive institutional call buying, yet earnings perspective notes put OI exceeding call OI by 30% with pronounced put skew, indicating defensive hedging that contradicts flow’s bullish signal. Earnings also expects post-event IV crush, undermining theta strategies that rely on sustained high IV.

Top Trade
via theta

Sell 2026-06-26 $690/$675 put spread for $0.50 credit — defined risk, profits from pin and theta decay, but expires after earnings, requiring careful management.

Key Risk

Break below $620 gamma flip triggers dealer selling and invalidates all bullish theses, accelerating downside toward $600 support.

How to Use These Reports
This ai consensus reflects the market close on May 19, 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.