thetaOwl

MU

Micron Technology, Inc.Close $1211.38EOD only
Max Pain
$1000.00
Next expiry Jun 26, 2026
Expected Move
±$159.15
13.1% from close
Price Gap
-211.38
Distance to max pain
IV Rank
60
Middle-high premium
P/C OI
1.48
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 22, 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 22, 2026 close
MU AI Consensus Report
Analysis based on market close June 23, 2026

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

Conviction
7.5

out of 10

7.5 not 9 because the binary earnings event tomorrow could invalidate the pin regardless of current positioning, and conflicting trade structures lower alignment.

Where Perspectives Agree

Bullish pinning near $1035 supported by dealer long gamma, massive call premium, and spot above max pain.

Where They Diverge

Theta's short premium relies on pinning post-earnings, but earnings' high IV implies a large ±12.9% move, directly opposing the pin thesis.

Top Trade
via theta

Sell 2026-07-24 $940/$925 put credit spread for $2.50 credit

Key Risk

Break below $1000 flips dealer gamma from long to short, accelerating downside below $800.

How to Use These Reports
This ai consensus reflects the market close on June 23, 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.