Investors with a lot of money to spend have taken a bullish stance on Micron Technology MU.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MU, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 23 uncommon options trades for Micron Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 34%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $59,534, and 21 are calls, for a total amount of $1,324,105.
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 $82.5 to $130.0 for Micron Technology over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Micron Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Micron Technology's significant trades, within a strike price range of $82.5 to $130.0, over the past month.
Micron Technology 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MU | CALL | TRADE | BULLISH | 02/07/25 | $4.65 | $4.55 | $4.61 | $102.00 | $276.1K | 121 | 640 |
| MU | CALL | SWEEP | BULLISH | 02/21/25 | $4.9 | $4.85 | $4.9 | $105.00 | $108.8K | 14.7K | 594 |
| MU | CALL | SWEEP | BEARISH | 01/17/25 | $2.05 | $2.0 | $2.03 | $100.00 | $101.5K | 17.0K | 1.3K |
| MU | CALL | SWEEP | BEARISH | 01/31/25 | $2.2 | $2.14 | $2.14 | $104.00 | $92.8K | 746 | 253 |
| MU | CALL | SWEEP | BEARISH | 04/17/25 | $5.65 | $5.55 | $5.6 | $115.00 | $83.4K | 3.1K | 187 |
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
Where Is Micron Technology Standing Right Now?
- Currently trading with a volume of 4,688,821, the MU's price is up by 4.92%, now at $102.15.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 63 days.
Expert Opinions 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 $123.0.
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. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Micron Technology, targeting a price of $140. * Consistent in their evaluation, an analyst from Needham keeps a Buy rating on Micron Technology with a target price of $120. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Micron Technology with a target price of $120. * Reflecting concerns, an analyst from B of A Securities lowers its rating to Neutral with a new price target of $110. * An analyst from UBS has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $125.
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.
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