Micron Technology (NASDAQ:MU) Stock, Quote.Headers.trade-ideas

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.

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Baruch chooses Micron as bad news is out. Morgan Stanley lowers price target to $100. Micron announces new SSD for gaming, PS5. NB Wealth picks IYR, Ritholtz picks IEO for final trades.

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Micron Technologies shares are trading higher Tuesday after dipping more than 5% in Monday&#39;s session. Here&#39;s a look at what&#39;s going on:

What&#39;s Going On With Micron&#39;s Stock?

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The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the Dow Jones index and S&amp;P 500 hitting fresh record highs during the session. The US Federal Reserve, on Wednesday, slashed interest rates by 50 basis points Wednesday at its September Federal Open Market Committee meeting, lowering the federal funds rate to a range of 4.75% to 5%.
On the economic data front, the U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap. U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.
Tech stocks rallied, with shares of NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) gaining around 4% and 6%, respectively. Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares added 2.2% during the session. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also surged, closing the day with gains of 7.4%.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, communication services, and information technology stocks recording the biggest gains on Thursday. However, consumer staples and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 522 points to 42,025.19 on Thursday. The S&amp;P 500 surged 1.70% to 5,713.64, while the Nasdaq Composite climbed 2.51% at 18,013.98 during Thursday's session.
Investors are awaiting earnings results from VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 65.7, the index remained in the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 60.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Nvidia, Tesla Rally As Dow, S&P 500 Surge To Fresh Highs After Fed Cuts Rates: Fear Index Remains In 'Greed' Zone

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Shares of semiconductor companies are trading higher amid overall market strength following Wednesday's Fed rate cut.

TD Cowen analyst Karl Ackerman maintains Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Buy and lowers the price target from $160 to $115.

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TD Cowen Maintains Buy on Micron Technology, Lowers Price Target to $115

Stifel analyst Brian Chin maintains Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Buy and lowers the price target from $165 to $135.

Stifel Maintains Buy on Micron Technology, Lowers Price Target to $135

Micron Technology's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MU#NYSE">MU</a>) short percent of float has risen 54.76% since its last report. The company recently reported that it has 35.98 million shares sold short, which is 3.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.86 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Micron Technology Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726752614_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Micron Technology has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Micron Technology's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Micron Technology's peer group average for short interest as a percentage of float is 4.46%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

(MU) - Analyzing Micron Technology's Short Interest

In the preceding three months, 24 analysts have released ratings for Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $158.12, a high estimate of $225.00, and a low estimate of $67.00. Surpassing the previous average price target of $157.12, the current average has increased by 0.64%.
<img src="https://www.benzinga.com/files/images/story/2024/1726678871_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of Micron Technology's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Aaron Rakers</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$175.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Timothy Arcuri</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$135.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Christopher Danely</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$150.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Karl Ackerman</td>
<td>Exane BNP Paribas</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$67.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Srini Pajjuri</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$125.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Quinn Bolton</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$140.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Mehdi Hosseini</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$175.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>John Vinh</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$145.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>John Vinh</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$165.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Timothy Arcuri</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$153.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Harlan Sur</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Toshiya Hari</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$158.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Matt Bryson</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$170.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Harsh Kumar</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Hans Mosesmann</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$225.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>John Vinh</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Quinn Bolton</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Hans Mosesmann</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$225.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$140.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Christopher Danely</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$175.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Tristan Gerra</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$172.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Srini Pajjuri</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$160.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Chris Caso</td>
<td>Wolfe Research</td>
<td>Raises</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$150.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Micron Technology. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Micron Technology compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Micron Technology's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Micron Technology's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Micron Technology analyst ratings.</a>
<h2>Discovering Micron Technology: A Closer Look</h2>
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.
<h3>Micron Technology: Financial Performance Dissected</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Micron Technology showcased positive performance, achieving a revenue growth rate of 81.53% as of 31 May, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 4.87%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Micron Technology's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.75%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Micron Technology's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.5%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.31.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 24 Analyst Recommendations For Micron Technology

Wells Fargo analyst Aaron Rakers maintains Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Overweight and lowers the price target from $190 to $175.

Wells Fargo Maintains Overweight on Micron Technology, Lowers Price Target to $175

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/17/final-trades-micron-the-ieo-and-the-iyr.html">Halftime Report Final Trades</a>,&#8221; Bill Baruch of Blue Line Capital named Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), saying all the <a href="https://www.benzinga.com/quote/MU/analyst-ratings">bad news is fleshed out</a>.
On Sept. 16, Morgan Stanley analyst Joseph Moore maintained Micron Technology with an Equal-Weight rating and lowered the price target from $140 to $100.
Micron on Tuesday announced the availability of the Crucial P310 2280 Gen4 NVMe solid-state drive (SSD) which expands Micron's P310 portfolio to address PCs, laptops and PlayStation 5. The company said a version with a heatsink will be released in the coming months, suited for use with PlayStation 5 and desktop gaming PCs.
"Micron's Crucial P310 2280 SSD delivers blazing fast gaming-level speeds, allowing users to do it all faster — from gaming to booting Windows to running multiple creative apps at the same time — without compromising on quality," said Jonathan Weech, senior director of product marketing for <a href="https://www.benzinga.com/news/24/09/40903705/whats-going-on-with-microns-stock">Micron's Commercial Products Group</a>.
Shannon Saccocia of NB Private Wealth picked iShares U.S. Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYR#NYSE">IYR</a>), saying rates are coming down.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Josh Brown of Ritholtz Wealth Management named iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEO#NYSE">IEO</a>) as his final trade. The S&amp;P Energy sector is trading at 10 times forward earnings and one times sales.
Price Action:
<ul>
<li>Micron gained 1.8% to close at $88.73 during Tuesday's session.</li>
<li>iShares U.S. Real Estate ETF fell 0.8% on Tuesday.</li>
<li>iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF gained 1.8% during Tuesday's session.</li>
</ul>
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Image created using artificial intelligence via Midjourney.

Micron Technology, Real Estate And Energy ETFs On CNBC's 'Final Trades'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$118.00</td>
<td>$37.1K</td>
<td>28.6K</td>
<td>71.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$210.00</td>
<td>$74.5K</td>
<td>6.0K</td>
<td>6.1K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$440.00</td>
<td>$28.1K</td>
<td>1.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.00</td>
<td>$25.2K</td>
<td>10.0K</td>
<td>1.4K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$160.00</td>
<td>$43.4K</td>
<td>7.4K</td>
<td>1.1K</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$90.00</td>
<td>$70.0K</td>
<td>1.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$20.00</td>
<td>$77.5K</td>
<td>10.6K</td>
<td>660</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$185.00</td>
<td>$27.6K</td>
<td>280</td>
<td>465</td>
</tr>
<tr>
<td>CRWD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$185.00</td>
<td>$26.8K</td>
<td>286</td>
<td>370</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$91.00</td>
<td>$99.2K</td>
<td>105</td>
<td>335</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on September 20, 2024. Parties traded 217 contract(s) at a $118.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $37.1K, with a price of $171.0 per contract. There were 28609 open contracts at this strike prior to today, and today 71389 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on September 27, 2024. Parties traded 500 contract(s) at a $210.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $74.5K, with a price of $149.0 per contract. There were 6098 open contracts at this strike prior to today, and today 6182 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option trade that happens to be neutral, expiring in 3 day(s) on September 20, 2024. This event was a transfer of 20 contract(s) at a $440.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $1405.0 per contract. There were 1446 open contracts at this strike prior to today, and today 3178 contract(s) were bought and sold. 
• Regarding CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we observe a call option trade with bullish sentiment. It expires in 94 day(s) on December 20, 2024. Parties traded 336 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $75.0 per contract. There were 10068 open contracts at this strike prior to today, and today 1493 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on September 20, 2024. This event was a transfer of 56 contract(s) at a $160.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $43.4K, with a price of $775.0 per contract. There were 7490 open contracts at this strike prior to today, and today 1169 contract(s) were bought and sold. 
• Regarding AKAM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), we observe a put option trade with neutral sentiment. It expires in 31 day(s) on October 18, 2024. Parties traded 1000 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $70.0 per contract. There were 1598 open contracts at this strike prior to today, and today 1011 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bearish sentiment. It expires in 822 day(s) on December 18, 2026. Parties traded 100 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $77.5K, with a price of $775.0 per contract. There were 10639 open contracts at this strike prior to today, and today 660 contract(s) were bought and sold. 
• For IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we notice a call option trade that happens to be bullish, expiring in 185 day(s) on March 21, 2025. This event was a transfer of 8 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $3460.0 per contract. There were 280 open contracts at this strike prior to today, and today 465 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a put option sweep that happens to be bullish, expiring in 367 day(s) on September 19, 2025. This event was a transfer of 23 contract(s) at a $185.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $26.8K, with a price of $1160.0 per contract. There were 286 open contracts at this strike prior to today, and today 370 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a put option trade with bullish sentiment. It expires in 10 day(s) on September 27, 2024. Parties traded 155 contract(s) at a $91.00 strike. The total cost received by the writing party (or parties) was $99.2K, with a price of $640.0 per contract. There were 105 open contracts at this strike prior to today, and today 335 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AKAM

Core Scientific, Inc. - Class A Common Stock

CORZ

CRWD

ORCL

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

CNBC Halftime Report Final Trades: Micron Technology, iShares U.S. Oil & Gas Exploration & Production ETF, iShares U.S. Real Estate ETF

Micron Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares are trading higher Tuesday after dipping more than 5% in Monday's session. Here's a <a href="https://www.benzinga.com/news/large-cap/24/09/40883011/nvidia-micron-smci-stocks-are-down-monday-whats-going-on">look at what's going on.</a>
What To Know:
The intense growth in the semiconductor sector of early-2024 has cooled as investors grow impatient for returns on the massive capital expenditures involved with AI-infrastructure build-out. Micron's stock has lost more than $70 billion in market value since June, and Morgan Stanley lowered its price target from $140 to $100 on Monday.&nbsp;
Micron shares fell Monday after analysts noted <a href="https://www.benzinga.com/news/24/09/40882969/iphone-16-pro-demand-lags-longer-wait-times-globally-china-shows-smaller-gap-analyst">early demand</a> indicators for Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone 16 series which utilize Micron memory chips appear softer relative to the pre-order demand for the iPhone 15 series.&nbsp;
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40888466/what-happened-with-microstrategy-stock-today">What Happened With MicroStrategy Stock Today?</a>
What Else: Micron on Tuesday announced <a href="https://www.benzinga.com/pressreleases/24/09/g40898453/micron-expands-ssd-portfolio-with-new-crucial-p310-2280-gen4-ssd-bringing-high-octane-performance-">the availability</a> of the Crucial P310 2280 Gen4 NVMe solid-state drive (SSD) which expands Micron&#8217;s P310 portfolio to address PCs, laptops and PlayStation 5. The company said a version with a heatsink will be released in the coming months, suited for use with PlayStation 5 and desktop gaming PCs.
&#8220;Micron&#8217;s Crucial P310 2280 SSD delivers blazing fast gaming-level speeds, allowing users to do it all faster — from gaming to booting Windows to running multiple creative apps at the same time — without compromising on quality,&#8221; said Jonathan Weech, senior director of product marketing for Micron&#8217;s Commercial Products Group.&nbsp;
<h3 class="wp-block-heading">MU Stock Prediction 2024:</h3>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Micron Technology, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Micron Technology, the 200-day moving average sits at $104.81, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is above the current price of $89.24. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
MU Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Micron Technologies shares are up 2.09% at $89.01 at the time of publication Tuesday. 
Read Also:
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<li><a href="https://www.benzinga.com/news/24/09/40887805/whats-going-on-with-tupperware-brands-stock">What&#8217;s Going On With Tupperware Brands Stock?</a></li>
</ul>
Image: Shutterstock

What's Going On With Micron's Stock?

UBS analyst Timothy Arcuri maintains Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Buy and lowers the price target from $153 to $135.

UBS Maintains Buy on Micron Technology, Lowers Price Target to $135

Citigroup analyst Christopher Danely maintains Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Buy and lowers the price target from $175 to $150.

Citigroup Maintains Buy on Micron Technology, Lowers Price Target to $150

Whales with a lot of money to spend have taken a noticeably bearish stance on Micron Technology.
Looking at options history for Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $226,275 and 14, calls, for a total amount of $582,345.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $100.0 for Micron Technology over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Micron Technology options trades today is 3601.92 with a total volume of 6,396.00.
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 $85.0 to $100.0 over the last 30 days.
<h3>Micron Technology Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726582562_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$13.35</td>
<td>$13.15</td>
<td>$13.2</td>
<td>$87.50</td>
<td>$99.0K</td>
<td>1.4K</td>
<td style="text-align: right;">225</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$15.75</td>
<td>$15.65</td>
<td>$15.75</td>
<td>$95.00</td>
<td>$96.0K</td>
<td>3.3K</td>
<td style="text-align: right;">62</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$15.3</td>
<td>$15.1</td>
<td>$15.16</td>
<td>$85.00</td>
<td>$84.9K</td>
<td>1.1K</td>
<td style="text-align: right;">58</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$23.2</td>
<td>$23.05</td>
<td>$23.05</td>
<td>$85.00</td>
<td>$59.9K</td>
<td>294</td>
<td style="text-align: right;">28</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.79</td>
<td>$2.45</td>
<td>$2.8</td>
<td>$87.00</td>
<td>$56.0K</td>
<td>1.9K</td>
<td style="text-align: right;">209</td>
</tr>
</tbody>
</table>

<h3>About Micron Technology</h3>
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.
<h3>Where Is Micron Technology Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 2,940,198, the MU's price is up by 0.98%, now at $88.03. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 8 days.</li>
</ul>
<h3>Professional Analyst Ratings for Micron Technology</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $121.4.
<ul>
<li>An analyst from Needham persists with their Buy rating on Micron Technology, maintaining a target price of $140. </li>
<li>An analyst from Raymond James persists with their Outperform rating on Micron Technology, maintaining a target price of $125. </li>
<li>An analyst from Exane BNP Paribas has revised its rating downward to Underperform, adjusting the price target to $67. </li>
<li>Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Micron Technology, targeting a price of $175. </li>
<li>An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Micron Technology, which currently sits at a price target of $100. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Micron Technology with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In Micron Technology Options

Micron Expands SSD Portfolio With Launch Of Crucial P310 2280 Gen4 SSD, Offering Up To 2TB Capacity And Speeds Of 7,100 MB/s For Gamers, Creators, And Students

Tech stocks kicked off the week on the negative note, driven lower by concerns over weaker-than-expected demand for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&#8217;s <a href="https://www.benzinga.com/news/24/09/40882969/iphone-16-pro-demand-lags-longer-wait-times-globally-china-shows-smaller-gap-analyst">latest iPhone 16 models</a>. 
Shares of Apple tumbled over 3% by midday in New York, heading for their worst session in more than a month. The sell-off in Apple spilled over to chip stocks, with Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) plunging more than 5%.
The broader semiconductor sector, tracked by the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), declined by 2.2%, reflecting widespread apprehension in the industry.
Elsewhere in the market, the S&amp;P 500 edged lower, while the Dow Jones and the Russell 2000 managed to buck the trend, posting modest gains for the day.
Bonds outperformed equities as Treasury yields dropped amid growing expectations of Federal Reserve rate cuts. 
Over the weekend, investor sentiment shifted toward an interest rate cut for the upcoming Sept. 18 meeting, with markets now pricing in a 60% probability of a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40883023/how-second-tier-economic-data-tuesday-could-sway-the-feds-rate-decision-it-will-be-">larger 50-basis-point rate cut.</a>
Gold prices extended their gains, rising 0.3% to reach new record highs, marking the third consecutive session of increases. In the energy market, oil prices climbed 0.7%, and natural gas prices surged 4% on a more optimistic demand outlook.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) wasn&#8217;t spared from the sell-off in tech stocks, falling 2.5%.
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,490.08</td>
<td>0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,192.30</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,621.31</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,377.78</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. ET</figcaption></figure>
According to Benzinga Pro data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.1% lower to $561.66.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.4% to $416.43.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.8% to $471.63.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.2% to $217.28.</li>
<li>The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up 1.2%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 0.7%.</li>
</ul>
<h1 class="wp-block-heading">Monday&#8217;s Stock Movers</h1>
<ul>
<li>Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) jumped 6% after multiple analysts raised their price targets for the stock.</li>
<li>Lattice Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) surged over 11% following the appointment of its new CEO, Ford Tamer.</li>
<li>In addition to Arm Holdings, other notable chipmakers that declined on Monday included Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), which fell 5.3%; Wolfspeed Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NASDAQ">WOLF</a>), down 9%; and Qorvo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), which slid 7%. </li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was 2% lower. </li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40883274/senator-warren-urges-fed-to-slash-rates-by-0-75-veteran-investor-warns-even-0-5-cut">Elizabeth Warren Urges Fed To Slash Rates By 0.75%; Veteran Investor Warns Even 0.5% Cut Could &#8216;Reduce Trump&#8217;s Chances Of Winning&#8217;</a></li>
</ul>
This image was created using artificial intelligence MidJourney.

Equities

Large Cap

Macro Economic Events

Mid Cap

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Commodities

Small Cap

Econ #s

Economics

Federal Reserve

Tech

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

LSCC

QRVO

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

WOLF

XLRE

Nasdaq 100 Falls As Apple Weighs On Chipmakers; Bonds Rise As Investors Eye 0.5% Rate Cut: What's Driving Markets Monday?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$117.00</td>
<td>$38.0K</td>
<td>12.5K</td>
<td>61.6K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$165.00</td>
<td>$38.9K</td>
<td>6.9K</td>
<td>8.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$450.00</td>
<td>$57.2K</td>
<td>1.7K</td>
<td>4.4K</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$210.00</td>
<td>$630.5K</td>
<td>4.9K</td>
<td>2.5K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$87.00</td>
<td>$37.6K</td>
<td>610</td>
<td>2.2K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$180.00</td>
<td>$237.8K</td>
<td>15.9K</td>
<td>1.9K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$30.00</td>
<td>$31.0K</td>
<td>15.5K</td>
<td>1.3K</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$600.00</td>
<td>$1.3 million</td>
<td>561</td>
<td>364</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$180.00</td>
<td>$62.3K</td>
<td>8.1K</td>
<td>362</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$8.00</td>
<td>$61.4K</td>
<td>2.3K</td>
<td>360</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on September 20, 2024. This event was a transfer of 139 contract(s) at a $117.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $38.0K, with a price of $274.0 per contract. There were 12592 open contracts at this strike prior to today, and today 61676 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on September 20, 2024. Parties traded 50 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $38.9K, with a price of $778.0 per contract. There were 6977 open contracts at this strike prior to today, and today 8784 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on September 20, 2024. This event was a transfer of 30 contract(s) at a $450.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $57.2K, with a price of $1909.0 per contract. There were 1754 open contracts at this strike prior to today, and today 4442 contract(s) were bought and sold. 
• For IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we notice a call option sweep that happens to be bullish, expiring in 60 day(s) on November 15, 2024. This event was a transfer of 452 contract(s) at a $210.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $630.5K, with a price of $1395.0 per contract. There were 4980 open contracts at this strike prior to today, and today 2545 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $87.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $188.0 per contract. There were 610 open contracts at this strike prior to today, and today 2252 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bullish sentiment. It expires in 123 day(s) on January 17, 2025. Parties traded 298 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $237.8K, with a price of $798.0 per contract. There were 15915 open contracts at this strike prior to today, and today 1985 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bearish sentiment. It expires in 95 day(s) on December 20, 2024. Parties traded 1000 contract(s) at a $30.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $31.0 per contract. There were 15581 open contracts at this strike prior to today, and today 1337 contract(s) were bought and sold. 
• Regarding ADBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), we observe a call option trade with neutral sentiment. It expires in 277 day(s) on June 20, 2025. Parties traded 350 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $1.3 million, with a price of $3750.0 per contract. There were 561 open contracts at this strike prior to today, and today 364 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, expiring in 123 day(s) on January 17, 2025. This event was a transfer of 63 contract(s) at a $180.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $62.3K, with a price of $990.0 per contract. There were 8124 open contracts at this strike prior to today, and today 362 contract(s) were bought and sold. 
• Regarding WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we observe a put option sweep with bullish sentiment. It expires in 95 day(s) on December 20, 2024. Parties traded 307 contract(s) at a $8.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $61.4K, with a price of $200.0 per contract. There were 2324 open contracts at this strike prior to today, and today 360 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADBE

AVGO

10 Information Technology Stocks Whale Activity In Today's Session

Micron Technology shares are trading lower in possible sympathy with the broader semiconductor industry. Also, Morgan Stanley lowered its price target on the stock from $140 to $100.

Shares of NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares are trading lower Monday. Here's a look at what's <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40879461/semiconductor-smackdown-broadcom-vs-micron-vs-marvell">moving the stocks. </a>
What To Know:
The intense growth of early-2024 in the semiconductor sector has slowed recently amid speculation surrounding a possible AI "bubble" as investors grow impatient for returns on the massive capital expenditures involved with AI-infrastructure build-out.&nbsp;&nbsp;
Micron&#8217;s stock has shed more than $70 billion in market value since June, and Raymond James <a href="https://www.benzinga.com/news/24/09/40838704/whats-going-on-with-micron-stock">recently lowered</a> its price target on the stock from $160 to $125. Investors will be watching when the company reports its fourth-quarter financial results after the market close on Sept. 25. 
Read Next: <a href="https://www.benzinga.com/news/24/09/40856610/why-temu-parent-pdd-holdings-stock-is-down">Why Temu Parent PDD Holdings&#8217; Stock Is Down</a>
The market has also digested a recent short report on SMCI, coupled with the company's delayed 10-K filing, and investors were less-than-impressed with Nvidia's second-quarter results.&nbsp;
However, Nvidia shares rose last week after CEO Jensen Huang said <a href="https://www.benzinga.com/news/large-cap/24/09/40820349/nvidia-ceo-jensen-huang-admits-its-tense-as-surging-demand-for-blackwell-chips-sparks-customer-fru">the company</a> is experiencing "great demand" for its Blackwell chips causing frustration among some of its customers. Huang also addressed concerns related to the rising geopolitical tensions surrounding key Nvidia-supplier, Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
In addition to rising tensions between China and Taiwan, chipmakers face increasing restrictions and scrutiny on exports to China and its allies which may be dragging on the sector as well.&nbsp;
NVDA, SMCI, MU Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Nvidia shares are down 2.64% at $116.96, SMCI shares are down 1.17% at $451.81 and Micron shares are down 5.03% at $86.62 at the time of publication Monday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40854633/oracle-stock-climbs-on-104-billion-fy29-revenue-forecast-what-to-know">Oracle Stock Climbs On $104 Billion FY29 Revenue Forecast: What To Know</a></li>
</ul>
Image: Shutterstock

NVIDIA, Micron, SMCI Stocks Are Down Monday: What's Going On?

Morgan Stanley analyst Joseph Moore maintains Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a Equal-Weight and lowers the price target from $140 to $100.

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