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 12 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 33% bearish. Among these notable options, 3 are puts, totaling $107,992, and 9 are calls, amounting to $642,489.
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 $90.0 to $150.0 for Micron Technology over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Micron Technology's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Micron Technology's whale activity within a strike price range from $90.0 to $150.0 in the last 30 days.
Micron Technology 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MU | CALL | SWEEP | BULLISH | 01/17/25 | $8.2 | $8.1 | $8.2 | $105.00 | $205.0K | 6.4K | 365 |
| MU | CALL | SWEEP | BEARISH | 12/20/24 | $4.7 | $4.65 | $4.65 | $110.00 | $106.0K | 7.1K | 783 |
| MU | CALL | SWEEP | BULLISH | 12/20/24 | $4.65 | $4.6 | $4.65 | $110.00 | $85.5K | 7.1K | 374 |
| MU | CALL | TRADE | BULLISH | 11/15/24 | $0.63 | $0.6 | $0.62 | $108.00 | $55.8K | 3.4K | 1.4K |
| MU | PUT | SWEEP | BEARISH | 03/21/25 | $24.3 | $23.5 | $23.6 | $125.00 | $51.9K | 950 | 40 |
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.
Following our analysis of the options activities associated with Micron Technology, we pivot to a closer look at the company's own performance.
Where Is Micron Technology Standing Right Now?
- Trading volume stands at 4,851,603, with MU's price down by -4.57%, positioned at $103.69.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 36 days.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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