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Investors with a lot of money to spend have taken a bullish stance on Micron Technology (NASDAQ:MU).
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 13 options trades for Micron Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 38%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $38,400, and 12, calls, for a total amount of $667,904.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $150.0 for Micron Technology over the last 3 months.
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Micron Technology's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Micron Technology's whale trades within a strike price range from $50.0 to $150.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
MU | CALL | SWEEP | BULLISH | 10/18/24 | $10.4 | $10.35 | $10.39 | $82.50 | $103.9K | 378 | 100 |
MU | CALL | TRADE | BULLISH | 09/19/25 | $4.35 | $4.0 | $4.21 | $150.00 | $100.1K | 329 | 238 |
MU | CALL | TRADE | BULLISH | 01/16/26 | $43.7 | $43.6 | $43.7 | $50.00 | $87.4K | 246 | 20 |
MU | CALL | SWEEP | BULLISH | 11/15/24 | $13.65 | $13.55 | $13.65 | $80.00 | $61.4K | 827 | 90 |
MU | CALL | SWEEP | NEUTRAL | 11/15/24 | $13.75 | $13.05 | $13.6 | $80.00 | $59.4K | 827 | 45 |
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 the last month, 2 experts released ratings on this stock with an average target price of $157.5.
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