thetaOwl

MU

Micron Technology, Inc.Close $981.61EOD only
Max Pain
$500.00
Next expiry Jun 18, 2026
Expected Move
±$100.92
10.3% from close
Price Gap
-481.61
Distance to max pain
IV Rank
100
High premium
P/C OI
1.46
Slightly put-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: Jun 12, 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
Jun 12, 2026 close
MU AI Consensus Report
Analysis based on market close June 11, 2026

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

You are viewing an older report from June 11, 2026. A newer ai consensus report is available for June 12, 2026.

View latest report
Conviction
6.5

out of 10

6.5 not 8 because the earnings event in 13 days introduces binary risk that could break the pin, and flow is mixed with both bullish and hedging signals.

Where Perspectives Agree

Bullish pin near $918-$1000 with dealer gamma support, favoring defined-risk short premium strategies to profit from range-bound movement.

Where They Diverge

Flow shows institutional call buying at 910-925, suggesting upside momentum, but the spot deviation above max pain warns of mean reversion, directly contradicting a bullish breakout thesis.

Top Trade
via earnings

Sell 2026-06-26 $980/$970 put spread and $1020/$1030 call spread for $1.50 credit — defined risk iron condor profits from pin, expires post-earnings to capture IV crush.

Key Risk

Break below $730 flips dealer gamma long, removing the pin and accelerating downside to $695 support.

How to Use These Reports
This ai consensus reflects the market close on June 11, 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.