MU GEX - Potential Call Gamma Squeeze🔶 MU — Call Resistance at 400 Becomes the Decision Point 🔶
MU continued higher last week and tagged the 400 level , which now stands out as the largest call resistance on the board.
That level matters.
🔶 Structural Context 🔶
Price has reached a key call wall at 400 🟢
Momentum remains strong 🟢
Gamma dynamics are increasingly important here 🔵
In MU, the flow looks very similar to other momentum-driven tech names:
Retail positioned long calls
Dealers short calls , hedging via underlying buying
That creates a reflexive loop :
👉 strength forces dealers to buy more stock
👉 which can amplify upside if resistance breaks cleanly 🟢
🔶 Additional Context 🔶
Call pricing skew has expanded further 🟢
Calls are getting richer → sentiment remains bullish
Elevated skew also means expectations are crowded 🔵
🔶 What to Watch 🔶 💡
The 400 level is the inflection point .
Acceptance above 400 → opens the door for a call gamma squeeze 🟢
Rejection at 400 → likely leads to consolidation or pullback 🔴
As always, the tell is momentum + follow-through , not the level itself. MU is strong — but this is where structure decides whether the move accelerates or pauses.
