Financial giants have made a conspicuous bearish move on Micron Technology. Our analysis of options history for Micron Technology MU revealed 15 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $1,410,175, and 8 were calls, valued at $426,859.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $95.0 for Micron Technology, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Micron Technology options trades today is 3675.64 with a total volume of 2,050.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Micron Technology's big money trades within a strike price range of $35.0 to $95.0 over the last 30 days.
Micron Technology Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MU | PUT | TRADE | BULLISH | 01/16/26 | $95.00 | $940.0K | 74 | 500 |
| MU | PUT | TRADE | NEUTRAL | 01/17/25 | $80.00 | $157.4K | 2.6K | 202 |
| MU | CALL | SWEEP | BEARISH | 04/19/24 | $90.00 | $147.0K | 25.0K | 376 |
| MU | PUT | SWEEP | BEARISH | 02/09/24 | $92.00 | $111.3K | 26 | 0 |
| MU | CALL | SWEEP | BEARISH | 06/21/24 | $35.00 | $67.0K | 1.0K | 23 |
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 trading volume of 3,625,554, the price of MU is up by 0.34%, reaching $86.77.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 50 days from now.
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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