GAMMA EXPOSURE · Dealer positioning

MU Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded MU options chain. The call wall is where dealer hedging accumulates above spot and caps upside, the put wall is its mirror below, and the gamma flip is the level where hedging stops damping moves and starts amplifying them.

1,016.59$ Positive gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـMU متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

900.00$ Spot right now 1,100.00$

Gamma on other symbols

SPX SPY QQQ DIA IWM AAPL MSFT GOOGL AMZN NVDA META TSLA All symbols

Options chain around MU price

MU · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
990.00	2,865	1,075	12,378	Call
995.00	702	128	13,730	Call
1,000.00	20,468	3,321	49,418	Call
1,005.00	1,314	41	10,999	Call
1,010.00	2,546	586	11,445	Call
1,015.00	885	123	3,785	Call
1,020.00	3,226	465	13,576	Call
1,025.00	993	24	4,150	Call
1,030.00	1,935	405	8,746	Call
1,035.00	688	72	2,153	Call
1,040.00	5,090	163	9,474	Call
1,045.00	431	23	1,657	Call

How the levels moved over the last 3 days

MU archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	879.26	863.09	880.00	870.00
2026-08-11	864.90	862.05	900.00	800.00
2026-08-12	917.20	868.36	920.00	900.00

MU numeric indicators.
Metric	Value
Max pain strike	940.00
Put/Call ratio · today's volume	0.70
Put/Call ratio · open interest	1.27
0DTE gamma flip	901.56
0DTE contracts in chain	348
Total contracts read	2,132

Strongest magnet levels

1,000.00 ⁦77.13⁩ مليون
1,100.00 ⁦27.59⁩ مليون
1,050.00 ⁦26.33⁩ مليون

Strongest accelerant levels

920.00 ⁦−7.67⁩ مليون
850.00 ⁦−6.37⁩ مليون
830.00 ⁦−3.36⁩ مليون

Where does MU stand relative to the gamma flip?

السعرُ 1,016.59 يعلو نقطةَ الانقلاب 908.70 بفارق 11.87٪، مسافةٌ مريحة. Positioning is clearly positive: dealer hedging buys dips and sells rallies, so price tends to grind within a range rather than jump. Flipping this state يحتاج هبوطاً يتجاوز 11.9٪، أي أنّه ليس سيناريو الجلسة الأقرب. والسعرُ في منتصف المسافة بين الجدارين (900.00 و1,100.00)، أبعدُ نقطةٍ عن either, and the position that calls for the least flow-driving hedging.

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 1,100.00 (8.20% from price)، ولعقود البيع عند 900.00 (-11.47% from price)، والمسافةُ بينهما 22.22٪، a **wide** range. That does not imply a move is coming, only that the walls are far enough apart not to confine MU during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـMU يبلغ ⁦303.53⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 298,573 shares. In this range hedging stays secondary to the stock's own flow, so the levels below should not be asked to carry more than they can.

Supporting signals

and this reading is built on 2,132 contracts in the chain.

What the recent history of MU says

Over the last 27 days of tracking (298 archived snapshots), MU stayed above the gamma flip in 82% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 857.91 و949.95، أي بنطاق 10.73٪، وهو ما يعني أنّ the level moves with the market and does not serve as a fixed reference across days، and net exposure today is above the period average (⁦261.48⁩ مليون).