Micron Technology, Inc. (MU) Options Chain
The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.
Micron Technology, Inc. (MU) operates in the Technology sector, specifically the Semiconductors industry, with a market capitalization near $817.22B, listed on NASDAQ, employing roughly 48,000 people, carrying a beta of 1.92 to the broader market. Micron Technology, Inc. Led by Sanjay Mehrotra, public since 1984-06-01.
Snapshot as of May 18, 2026.
- Spot Price
- $679.04
- Total OI
- 2.9M
- Total Volume
- 625.4K
- Front Expiration
- 31 days
- Second Expiration
- 39 days
- ATM IV
- 88.3%
- Avg Bid/Ask Spread
- 12.17%
As of May 18, 2026, Micron Technology, Inc. (MU) has 2.9M open contracts and 625.4K contracts traded. The nearest expiration is 31 days out, followed by 39 days. ATM implied volatility is 88.3%. Average bid/ask spread across the chain is 12.17%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How MU options chain Data Feeds Strategy Selection
Strategy selection on Micron Technology, Inc. options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 88.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the MU chain depth
The listed-expirations table above shows every expiration available for Micron Technology, Inc. options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. MU front expiration sits at 31 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.033 means longer-dated tenors price in proportionally more IV.
MU chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the MU chain is 12.17% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the MU chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. MU's current 25.31% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
MU listed expirations
Per-expiration ATM implied volatility for MU options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| May 22, 2026 | 4 | 112.9% |
| May 29, 2026 | 11 | 93.0% |
| Jun 5, 2026 | 18 | 90.3% |
| Jun 12, 2026 | 25 | 88.8% |
| Jun 18, 2026 | 31 | 88.2% |
| Jun 26, 2026 | 39 | 91.5% |
| Jul 17, 2026 | 60 | 87.6% |
| Aug 21, 2026 | 95 | 86.0% |
| Sep 18, 2026 | 123 | 85.1% |
| Oct 16, 2026 | 151 | 85.2% |
| Nov 20, 2026 | 186 | 84.1% |
| Dec 18, 2026 | 214 | 83.4% |
| Jan 15, 2027 | 242 | 83.2% |
| Mar 19, 2027 | 305 | 82.4% |
| Jun 17, 2027 | 395 | 81.2% |
| Sep 17, 2027 | 487 | 80.6% |
| Dec 17, 2027 | 578 | 80.4% |
| Jan 21, 2028 | 613 | 80.3% |
| Jun 16, 2028 | 760 | 80.0% |
| Dec 15, 2028 | 942 | 79.5% |
MU most-active contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $800.00 | May 22, 2026 | 20.7K | 10.2K | 121.9% | $4.40 | $4.50 |
| PUT | $650.00 | May 22, 2026 | 14.7K | 12.3K | 113.2% | $18.50 | $19.40 |
Top 2 contracts from the institutional-grade nightly options scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.
Frequently asked MU options chain questions
- What does the MU options chain show right now?
- As of May 18, 2026, Micron Technology, Inc. (MU) has 2.9M contracts outstanding and 625.4K traded today, with ATM IV of 88.3%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for MU options?
- The nearest expiration is 31 days out, followed by 39 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are MU options bid/ask spreads?
- Average bid/ask spread across the chain is 12.17%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.