thetaOwl

MU

Micron Technology, Inc.Close $762.10EOD only
Max Pain
$700.00
Next expiry May 22, 2026
Expected Move
±$27.20
3.6% from close
Price Gap
-62.10
Distance to max pain
IV Rank
58
Middle-high premium
P/C OI
1.30
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: May 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
May 21, 2026 close
MU AI Consensus Report
Analysis based on market close May 22, 2026

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

Conviction
7.0

out of 10

7 not 8 because put hedging and IV contango reduce directional conviction; pin thesis is strong but upside is capped.

Where Perspectives Agree

Bullish pin near $760 supported by dealer short-gamma and max pain dynamics, but downside hedging and IV contango limit upside conviction.

Where They Diverge

Flow shows heavy institutional put hedging contradicting pure bullish continuation; earnings IV term structure favors premium selling over directional bets.

Top Trade
via theta

Sell 2026-05-29 $710/$690 put credit spread for $0.80 credit

Key Risk

Break below $620 gamma flip reverses dealer gamma, accelerating downside to $570.

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