Benzinga's options scanner just detected over 11 options trades for Micron Technology MU summing a total amount of $714,285.
At the same time, our algo caught 5 for a total amount of 331,662.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $105.0 for Micron Technology during the past quarter.
Analyzing Volume & Open Interest
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 $80.0 to $105.0 in the last 30 days.
Micron Technology Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MU | CALL | SWEEP | BULLISH | 03/15/24 | $82.50 | $172.0K | 16.2K | 546 |
| MU | PUT | SWEEP | BULLISH | 01/12/24 | $89.00 | $131.0K | 316 | 202 |
| MU | CALL | SWEEP | BEARISH | 02/16/24 | $85.00 | $91.3K | 8.5K | 20 |
| MU | CALL | SWEEP | BULLISH | 03/15/24 | $80.00 | $88.6K | 7.8K | 152 |
| MU | CALL | SWEEP | BULLISH | 03/15/24 | $82.50 | $68.5K | 16.2K | 176 |
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?
- With a volume of 4,501,576, the price of MU is down -0.19% at $82.19.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 83 days.
What The Experts Say On 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 $94.0.
- In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $95.
- An analyst from Needham has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $100.
- Consistent in their evaluation, an analyst from Stifel keeps a Hold rating on Micron Technology with a target price of $80.
- An analyst from B of A Securities has elevated its stance to Buy, setting a new price target at $95.
- An analyst from Keybanc persists with their Overweight rating on Micron Technology, maintaining a target price of $100.
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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