Financial giants have made a conspicuous bullish move on Micron Technology. Our analysis of options history for Micron Technology MU revealed 25 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $156,487, and 23 were calls, valued at $3,110,289.
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 $72.5 to $90.0 for Micron Technology over the last 3 months.
Analyzing Volume & Open Interest
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 $72.5 to $90.0 over the preceding 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 | CALL | SWEEP | BEARISH | 07/19/24 | $72.50 | $775.4K | 32.1K | 963 |
| MU | CALL | TRADE | BEARISH | 01/17/25 | $90.00 | $471.6K | 5.5K | 0 |
| MU | CALL | SWEEP | BULLISH | 07/19/24 | $72.50 | $226.8K | 32.1K | 610 |
| MU | CALL | TRADE | BEARISH | 07/19/24 | $72.50 | $179.5K | 32.1K | 1.0K |
| MU | CALL | SWEEP | BULLISH | 05/17/24 | $85.00 | $149.1K | 865 | 65 |
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.
Having examined the options trading patterns of Micron Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Micron Technology
- With a volume of 3,805,670, the price of MU is up 0.71% at $86.52.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 26 days.
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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