Investors with a lot of money to spend have taken a bullish stance on Micron Technology MU.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MU, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Micron Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 30%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $92,000, and 9, calls, for a total amount of $375,057.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $120.0 for Micron Technology over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Micron Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Micron Technology's significant trades, within a strike price range of $60.0 to $120.0, over the past month.
Micron Technology Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MU | PUT | SWEEP | BULLISH | 02/21/25 | $9.3 | $9.1 | $9.2 | $100.00 | $91.9K | 5.1K | 0 |
| MU | CALL | TRADE | BEARISH | 03/21/25 | $7.35 | $7.25 | $7.28 | $110.00 | $72.8K | 10.0K | 100 |
| MU | CALL | TRADE | BEARISH | 12/20/24 | $13.75 | $11.35 | $12.2 | $89.00 | $61.0K | 16 | 50 |
| MU | CALL | SWEEP | BULLISH | 01/17/25 | $5.15 | $5.05 | $5.15 | $105.00 | $51.3K | 12.3K | 293 |
| MU | CALL | TRADE | NEUTRAL | 02/21/25 | $42.3 | $38.25 | $40.01 | $60.00 | $40.0K | 24 | 0 |
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.
After a thorough review of the options trading surrounding Micron Technology, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Micron Technology's Current Market Status
- With a volume of 762,035, the price of MU is up 0.34% at $98.43.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 7 days.
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Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Micron Technology with Benzinga Pro for real-time alerts.
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