Whales with a lot of money to spend have taken a noticeably bullish stance on Micron Technology.
Looking at options history for Micron Technology MU we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $368,997 and 5, calls, for a total amount of $263,175.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $85.0 for Micron Technology, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $60.0 to $85.0 in the last 30 days.
Micron Technology Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MU | PUT | SWEEP | BULLISH | 01/17/25 | $67.50 | $168.2K | 1.0K | 0 |
| MU | CALL | TRADE | NEUTRAL | 01/19/24 | $85.00 | $81.0K | 4.6K | 59 |
| MU | CALL | TRADE | NEUTRAL | 01/17/25 | $60.00 | $73.9K | 3.8K | 0 |
| MU | PUT | SWEEP | BEARISH | 01/19/24 | $75.00 | $68.8K | 4.6K | 149 |
| MU | PUT | SWEEP | BULLISH | 06/20/25 | $67.50 | $47.7K | 93 | 1 |
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
- Trading volume stands at 3,005,013, with MU's price down by -0.13%, positioned at $76.57.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 33 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Micron Technology options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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