Big-spending whales are clearly bullish on Micron Technology.
We looked at the options history for Micron Technology MU and found 65 trades.
Considering the details of each trade, it is accurate to state that 44% of investors began trading with bullish expectations and 43% began trading with bearish expectations.
Of the total spot transactions, there were 31 puts totaling $2,131,828 and 34 calls totaling $2,306,452.
What is your target price?
Analyzing the trading volume and open interest of these contracts, it appears that large players have been targeting Micron Technology's price range of $40.0 to $150.0 over the past quarter.
Insights into trading volumes and open interest
Looking at trading volume and open interest is a useful way to conduct due diligence on a stock.
This data helps track liquidity and interest in Micron Technology options at specific strike prices.
Below you can see the progress of trading volume and open interest for each call and put for all whale activity on Micron Technology within the strike price range of $40.0 to $150.0 over the past 30 days.
Micron Technology Options Activity Analysis: Last 30 Days
The biggest options found are:
Symbol PUT/CALL Trade Type Sentiment Exp. Date Sell Buy Price Strike Total Traded Price Open Interest Volume MU Call Sweep Bearish 09/20/24 $9.05 $8.95 $8.99 $90.00 $448.7K 5.0K 630 MU Put Trade Bearish 01/17/25 $2.13 $2.08 $2.13 $62.50 $362.1K 3.3K 1.7K MU Put Sweep Bearish 01/16/26 $25.15 $24.8 $25.15 $105.00 $196.1K 1.2K 91 MU Put Sweep Neutral 10/18/24 $6.9 $6.85 $6.85 $90.00 $137.0K 2.3K 213 MU Call Sweep Bearish 08/30/24 $5.5 $5.35 $5.45 $93.00 $130.8K 23 378
About Micron Technology
Micron is one of the world's largest semiconductor companies, specializing in memory and storage chips. Its primary source of revenue comes from dynamic random access memory (DRAM), but it also has a small number of non-NAND flash chips. Micron serves a global customer base and sells chips for data centers, mobile phones, consumer electronics, industrial and automotive applications. The company is vertically integrated.
Now that we have looked at Micron Technology's options trading patterns, we can turn our attention to the company itself. This shift allows us to take a closer look at the company's current market position and performance.
Micron Technology's Current Market Situation
Trading volume was 15,218,341 and MU's price was up 1.4% at $93.36. The RSI indicator indicates that the stock may be oversold. An earnings release is scheduled in 47 days.
Micron Technology Expert Analyst Evaluation
A total of 1 professional analysts have expressed their opinion on the stock in the last 30 days, with the average target price set at $145.0.
Analysts at Keybanc have kept their rating consistent, maintaining an overweight rating on Micron Technology with a price target of $145.
Options are a higher risk asset than stock trading alone, but they also offer a higher potential for profit. Serious options traders manage this risk by educating themselves daily, sizing their trades, following multiple indicators, and tracking the markets closely.
If you want to stay up to date with the latest options trades on Micron Technology, Benzinga Pro provides real-time options trading alerts.
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