Deep-pocketed investors have adopted a bullish approach towards Micron Technology MU, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 82 extraordinary options activities for Micron Technology. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 45% bearish. Among these notable options, 30 are puts, totaling $3,427,719, and 52 are calls, amounting to $2,969,808.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $150.0 for Micron Technology over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Micron Technology's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Micron Technology's substantial trades, within a strike price spectrum from $60.0 to $150.0 over the preceding 30 days.
Micron Technology Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MU | PUT | SWEEP | BEARISH | 02/21/25 | $26.35 | $26.25 | $26.35 | $130.00 | $524.3K | 564 | 400 |
| MU | PUT | SWEEP | BEARISH | 02/21/25 | $26.15 | $25.95 | $26.15 | $130.00 | $523.0K | 564 | 200 |
| MU | PUT | SWEEP | BEARISH | 12/19/25 | $11.3 | $11.25 | $11.3 | $92.50 | $223.7K | 411 | 200 |
| MU | PUT | TRADE | BULLISH | 06/20/25 | $21.55 | $21.45 | $21.45 | $120.00 | $214.5K | 3.0K | 250 |
| MU | PUT | TRADE | BULLISH | 06/20/25 | $21.85 | $21.45 | $21.45 | $120.00 | $214.5K | 3.0K | 100 |
About Micron Technology
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
In light of the recent options history for Micron Technology, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Micron Technology Standing Right Now?
- Currently trading with a volume of 12,654,811, the MU's price is down by -1.27%, now at $107.69.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 57 days.
Professional Analyst Ratings for Micron Technology
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $132.8.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Micron Technology with a target price of $150. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Micron Technology, targeting a price of $114. * Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Micron Technology with a target price of $140. * An analyst from B of A Securities has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $125. * Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Micron Technology, targeting a price of $135.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Micron Technology, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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