thetaOwl

MU

Micron Technology, Inc.Close $1133.99EOD only
Max Pain
$970.00
Next expiry Jun 26, 2026
Expected Move
±$162.10
14.3% from close
Price Gap
-163.99
Distance to max pain
IV Rank
53
Middle-high premium
P/C OI
1.39
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
MU AI Consensus Report
Analysis based on market close June 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 earnings in 2 days creates binary outcome that could invalidate the pin thesis regardless of current positioning; strong alignment otherwise.

Where Perspectives Agree

Bullish bias with dealer gamma pinning near $1000; all personas expect spot to remain supported but with pullback risk before earnings.

Where They Diverge

Earnings expects a large post-event move that could break the pin, while theta relies on pinning for credit income; flow shows heavy put hedging that contradicts directional's bullish continuation.

Top Trade
via theta

Sell 2026-07-02 $1080/$1000 put spread for credit — profits from pin and IV decay, expires after earnings.

Key Risk

Break below $1000 flips dealer gamma to long, accelerating selloff; stop-loss cascade to $1088.

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