thetaOwl

MU

Micron Technology, Inc.Close $1020.76EOD only
Max Pain
$640.00
Next expiry Jun 18, 2026
Expected Move
±$67.97
6.7% from close
Price Gap
-380.76
Distance to max pain
IV Rank
100
High premium
P/C OI
1.48
Slightly put-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: Jun 16, 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 16, 2026 close
MU AI Consensus Report
Analysis based on market close June 17, 2026

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

Conviction
6.5

out of 10

6.5 not higher because the earnings event in 7 days creates binary risk that could invalidate the bearish thesis, and mixed flow adds uncertainty.

Where Perspectives Agree

Bearish alignment with dealer gamma pinning near $950-$1000, but elevated IV and put skew favor downside strategies ahead of earnings.

Where They Diverge

Flow shows significant call buying at $1035-$1055, directly undermining the bearish directional thesis and suggesting upside optimism.

Top Trade
via theta

Sell 2026-07-17 $1000.00/$990.00 put spread for ~$0.50 credit.

Key Risk

Break below $900 flips dealer gamma long, accelerating downside toward $800 and invalidating the pin thesis.

How to Use These Reports
This ai consensus reflects the market close on June 17, 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.