Whales with a lot of money to spend have taken a noticeably bullish stance on Micron Technology.
Looking at options history for Micron Technology MU we detected 45 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $212,154 and 40, calls, for a total amount of $3,858,151.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $150.0 for Micron Technology over the recent three months.
Volume & Open Interest Trends
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 $60.0 to $150.0, over the past month.
Micron Technology Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MU | CALL | SWEEP | BULLISH | 03/15/24 | $60.00 | $362.0K | 277 | 1 |
| MU | CALL | SWEEP | BULLISH | 06/21/24 | $65.00 | $324.0K | 2.6K | 200 |
| MU | CALL | SWEEP | BULLISH | 06/21/24 | $65.00 | $322.0K | 2.6K | 100 |
| MU | CALL | SWEEP | BEARISH | 03/15/24 | $65.00 | $302.8K | 619 | 98 |
| MU | CALL | SWEEP | BEARISH | 04/19/24 | $82.50 | $279.0K | 5.5K | 288 |
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.
Following our analysis of the options activities associated with Micron Technology, we pivot to a closer look at the company's own performance.
Micron Technology's Current Market Status
- Currently trading with a volume of 8,323,510, the MU's price is up by 0.7%, now at $95.13.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 14 days.
What The Experts Say On Micron Technology
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $105.0.
- Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Micron Technology, targeting a price of $105.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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