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Financial giants have made a conspicuous bearish move on Micron Technology. Our analysis of options history for Micron Technology (NASDAQ:MU) revealed 17 unusual trades.
Delving into the details, we found 29% of traders were bullish, while 47% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $307,286, and 12 were calls, valued at $691,798.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $160.0 for Micron Technology, spanning the last three months.
In terms of liquidity and interest, the mean open interest for Micron Technology options trades today is 1885.46 with a total volume of 724.00.
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 $40.0 to $160.0 over the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
MU | PUT | SWEEP | BEARISH | 08/09/24 | $5.5 | $5.4 | $5.5 | $130.00 | $165.0K | 825 | 1 |
MU | CALL | TRADE | BEARISH | 08/16/24 | $6.6 | $6.55 | $6.55 | $130.00 | $131.0K | 7.0K | 100 |
MU | CALL | TRADE | BEARISH | 08/23/24 | $4.65 | $4.5 | $4.55 | $137.00 | $91.0K | 369 | 0 |
MU | CALL | SWEEP | BULLISH | 08/23/24 | $7.5 | $7.4 | $7.5 | $130.00 | $75.0K | 152 | 0 |
MU | CALL | SWEEP | NEUTRAL | 08/16/24 | $4.85 | $4.75 | $4.8 | $135.00 | $72.0K | 8.1K | 135 |
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.
Following our analysis of the options activities associated with Micron Technology, we pivot to a closer look at the company's own performance.
In the last month, 5 experts released ratings on this stock with an average target price of $178.0.
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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