MU (MU) options memo

The Read

MU is up 4.92% today at $911.29.

Options traders lean neutral into 2026-07-27, and neutral further out.

A move through the gamma flip level would change how dealers hedge this stock.

Key numbers

• Spot: $911.29
• Lean: neutral
• Nearest expiry: Fri 8/14
• Implied move: 4.0%
• ATM implied volatility: 77.2%
• Max pain: $870.00
• Pin strike: $1000.00
• Gamma flip: $897.95
• Dealer positioning: SHORT GAMMA
• Call wall: $1000.00
• Put wall: $800.00
• Put/call open interest: 1.756