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Deep-pocketed investors have adopted a bullish approach towards Micron Technology (NASDAQ:MU), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Micron Technology. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 53% leaning bullish and 30% bearish. Among these notable options, 2 are puts, totaling $77,900, and 11 are calls, amounting to $847,155.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $85.0 to $200.0 for Micron Technology during the past quarter.
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 $85.0 to $200.0 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
MU | CALL | TRADE | BULLISH | 12/18/26 | $24.9 | $24.15 | $24.9 | $95.00 | $323.7K | 987 | 0 |
MU | CALL | TRADE | NEUTRAL | 12/20/24 | $7.75 | $7.55 | $7.65 | $97.50 | $76.5K | 521 | 100 |
MU | CALL | TRADE | BEARISH | 09/20/24 | $5.2 | $5.0 | $5.0 | $87.50 | $75.0K | 632 | 5 |
MU | CALL | TRADE | BULLISH | 06/20/25 | $7.4 | $5.9 | $6.8 | $120.00 | $68.0K | 2.6K | 100 |
MU | CALL | TRADE | BULLISH | 10/11/24 | $5.9 | $5.75 | $5.9 | $91.00 | $59.0K | 100 | 0 |
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.
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $153.33333333333334.
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.
Posted In: MU