MUMicron Technology, Inc.
Options Analysis Report•SEMICONDUCTORS & RELATED DEVICES
Market Cap $1.03T|NASDAQ
● 2026-08-24$910.43
NEUTRAL
Analysis: 2026-08-21 EOD data
1Y +682.0%YTD +188.6%7D -3.2%
Options Vol
945,146
30D
Implied Move
±17.3%
IV Rank
9%
MU Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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MU Gamma Walls
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Value
Is IV priced right?
6.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 97.7% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.62x — IV ≤ HV
Sector Relative≤50%
Sector percentile 91% — above sector median
Term Structure
<1.1xFront/Back 0.82x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 60.0% — normal range
Spread-Adjusted Value
<80%Effective IV 67.3% (ATM 60.0% + spread 3.6% + bias) — fair
Execution Efficiency
<3.0%Total drag 7.23% (spread 3.64% + slippage 3.59%) — high friction
Vega Efficiency
≥5.0Vega efficiency 250.49 (vega 91.179 / spread 3.64%) — efficient
Sentiment
Bullish or bearish?
5.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: -7%, Raw: -7%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -7% (neutral) — Raw: -7%
OI Skew Magnitude
≥15%|OI skew| 5.0% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +11.5%, OI skew -5.0% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 26%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +5%, ATM: -4%, OTM: -10% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 65% — bearish vs sector
Activity
Unusual activity?
5.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/8 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 26.4% — high turnover
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +6.0% (5d) — building
Sector Relative≥60%
Sector activity percentile 95% — very active vs sector
Trade Quality
≥30%Large trade volume 22% — mixed
Execution Urgency
≥60%Aggressive execution 29% — patient
Flow Conviction
≥30Conviction -7 (bearish) — mixed
Liquidity
Can I trade efficiently?
6.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 3.6% — acceptable
Adequate OI
≥10,000OI 3,576,469 — deep
Active Volume
≥500Volume 945,146/day — active
Reasonable Cost
≤$0.50$0.18 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 91% — much wider than sector
Order Book Depth
≥100 contractsDepth 105.2 contracts (bid:51.2 ask:54.0) — adequate
Execution Quality
<1.0%Avg slippage 3.59% — poor
Timing
Is now a good time?
7.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -17.9% — contango
IV Percentile Clarity
<30 or >70IV percentile 98% — seller opportunity
Event Detection
≥10pts kinkIV kink -9.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 67.21 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 29d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -7% @ 53% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 52 (ITM 20% + inst 22%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.1
bullishIV cheap, mixed flow
Long Puts6.1
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put5.4
bullishIV too cheap, mixed flow
Covered Call5.4
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.