thetaOwl

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 20, 2026

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

Conviction
8.0

out of 10

8 not 9 because the earnings event introduces binary risk that could break the pin despite current alignment; if spot holds through earnings, conviction rises to 9.

Where Perspectives Agree

All personas converge on a bullish pin near $695-$730 driven by positive GEX, heavy call flow, and earnings optimism, with dealer long gamma capping downside.

Where They Diverge

Earnings expects IV crush post-event, which may undermine theta strategies reliant on high IV, but the directional and flow theses remain intact.

Top Trade
via theta

Sell 2026-06-26 $710/$685 put credit spread for $1.50 credit, collecting premium while relying on dealer support and pinning.

Key Risk

Break below $620 flips dealer gamma to long, accelerating downside to $565 support and invalidating the bullish pin thesis.

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