Benzinga's options scanner just detected over 10 options trades for Micron Technology MU summing a total amount of $510,529.
At the same time, our algo caught 7 for a total amount of 463,931.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $62.5 for Micron Technology over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Micron Technology options trades today is 11443.5 with a total volume of 5,900.00.
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 $55.0 to $62.5 over the last 30 days.
Micron Technology Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MU | PUT | SWEEP | BULLISH | 06/16/23 | $60.00 | $206.5K | 15.7K | 1.2K |
| MU | PUT | SWEEP | BEARISH | 06/16/23 | $55.00 | $72.4K | 20.5K | 673 |
| MU | PUT | TRADE | BULLISH | 06/16/23 | $60.00 | $54.0K | 15.7K | 217 |
| MU | CALL | TRADE | BULLISH | 04/28/23 | $60.00 | $48.5K | 10.6K | 675 |
| MU | CALL | SWEEP | BULLISH | 06/16/23 | $60.00 | $42.5K | 17.8K | 118 |
Where Is Micron Technology Standing Right Now?
- With a volume of 4,767,772, the price of MU is up 0.26% at $61.18.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 63 days.
What The Experts Say On Micron Technology:
- Needham has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $71.
- Rosenblatt downgraded its action to Buy with a price target of $100
- Susquehanna has decided to maintain their Positive rating on Micron Technology, which currently sits at a price target of $90.
- JP Morgan has decided to maintain their Overweight rating on Micron Technology, which currently sits at a price target of $75.
- B of A Securities has decided to maintain their Neutral rating on Micron Technology, which currently sits at a price target of $68.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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