MU GEX — Live Gamma Exposure
Live MU GEX levels for Micron Technology, Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive MU GEX chart.
The calculator below is pre-filled with MU — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the MU GEX heatmap.
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What is Gamma Exposure (GEX)?
Gamma Exposure represents the sensitivity of an option's delta to changes in the underlying price. Market makers hedge their gamma exposure, creating support/resistance at high GEX strikes.
Key Levels:
- Call Wall: Strike with highest positive GEX (resistance)
- Put Wall: Strike with most negative GEX (support)
- Gamma Flip: Where total GEX changes from negative to positive
Positive GEX: Market makers sell into rallies, buy into dips (stabilizing).
Negative GEX: Market makers buy into rallies, sell into dips (amplifying moves).
Select a ticker and expiration date, then click Generate GEX to see the analysis
Understanding MU gamma exposure
MU is the options market's favorite way to trade the memory cycle, and the AI buildout — with high-bandwidth memory (HBM) demand tied directly to accelerator shipments — has made its gamma profile busier than ever. MU gamma builds hard into its off-cycle earnings reports (which land weeks before the rest of big tech and are read as a semiconductor bellwether), and the report regularly moves the stock across its entire near-the-money gamma range.
Memory stocks trend in long boom-bust cycles, and MU's gamma regime tracks them: extended positive-gamma grinds higher during upcycles with a call wall that ratchets up, then abrupt flips to negative gamma when pricing or inventory data turns. The gamma flip level is a solid cycle-timing companion — MU losing flip after a long run has historically been an early warning.
New to the concept? Start with our guides to gamma in options and the options Greeks.
MU GEX FAQ
What is MU GEX (gamma exposure)?
MU GEX measures the aggregate gamma that options market makers carry across all MU strikes and expirations. When MU GEX is positive, dealer hedging dampens price moves (selling rallies, buying dips); when it is negative, hedging amplifies moves. It is calculated from open interest and each contract's gamma across the Micron Technology, Inc. options chain.
What is the MU call wall and put wall?
The MU call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the MU put wall is the strike with the largest negative gamma exposure and often acts as support. As of the latest snapshot, the call wall is at $1,200, the put wall is at $1,000, the gamma flip level is near $1,171.
What is the MU gamma flip level?
The MU gamma flip (zero-gamma) level is the price where net dealer gamma crosses from positive to negative. Above it, market-maker hedging tends to suppress MU volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $1,171.
How often is MU GEX data updated?
GEX levels on this page are recomputed from live options data throughout US market hours, and the interactive calculator below pulls fresh MU options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this MU GEX chart free?
Yes. The MU GEX levels on this page are free, and the interactive GEX calculator offers free daily lookups without an account. Creating a free QuantWheel account raises the daily limit, and the GEX Dashboard adds unlimited access, intraday tracking, and alerts.
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The QuantWheel GEX Dashboard adds unlimited lookups, intraday gamma tracking, wall-movement alerts, and a multi-ticker workspace.
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