Deep-pocketed investors have adopted a bearish 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 15 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 33% leaning bullish and 46% bearish. Among these notable options, 8 are puts, totaling $469,725, and 7 are calls, amounting to $513,610.
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 $80.0 to $105.0 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 $80.0 to $105.0 over the preceding 30 days.
Micron Technology 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MU | CALL | TRADE | BEARISH | 12/19/25 | $34.45 | $34.0 | $34.0 | $80.00 | $238.0K | 1.2K | 70 |
| MU | PUT | TRADE | BULLISH | 06/20/25 | $5.45 | $5.4 | $5.4 | $90.00 | $108.0K | 11.1K | 201 |
| MU | PUT | TRADE | BEARISH | 05/16/25 | $10.95 | $10.9 | $10.95 | $105.00 | $87.6K | 1.6K | 80 |
| MU | PUT | TRADE | BULLISH | 05/16/25 | $8.15 | $8.1 | $8.1 | $100.00 | $81.0K | 1.5K | 201 |
| MU | CALL | SWEEP | BEARISH | 01/17/25 | $6.55 | $5.35 | $5.35 | $99.00 | $72.7K | 3.4K | 137 |
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.
Current Position of Micron Technology
- With a volume of 4,363,580, the price of MU is up 1.18% at $103.81.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 61 days.
Professional Analyst Ratings for Micron Technology
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $112.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Needham has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $120. * An analyst from Barclays has decided to maintain their Overweight rating on Micron Technology, which currently sits at a price target of $110. * In a cautious move, an analyst from B of A Securities downgraded its rating to Neutral, setting a price target of $110. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Micron Technology with a target price of $98. * Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Micron Technology with a target price of $125.
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.
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