Whales with a lot of money to spend have taken a noticeably bullish stance on Micron Technology.
Looking at options history for Micron Technology (NASDAQ:MU) we detected 38 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 34% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $453,650 and 26, calls, for a total amount of $2,403,146.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $47.5 and $120.0 for Micron Technology, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $47.5 to $120.0 in the last 30 days.
Micron Technology Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MU | CALL | TRADE | BEARISH | 12/06/24 | $3.75 | $3.6 | $3.61 | $98.00 | $1.1M | 9.1K | 4.0K |
| MU | CALL | SWEEP | BULLISH | 12/06/24 | $3.7 | $3.65 | $3.7 | $98.00 | $148.7K | 9.1K | 452 |
| MU | CALL | TRADE | BULLISH | 02/21/25 | $10.0 | $9.95 | $10.0 | $100.00 | $137.0K | 5.2K | 333 |
| MU | PUT | TRADE | BEARISH | 02/21/25 | $7.75 | $7.7 | $7.75 | $100.00 | $106.1K | 4.5K | 179 |
| MU | CALL | TRADE | BEARISH | 05/16/25 | $14.25 | $14.15 | $14.15 | $100.00 | $70.7K | 373 | 56 |
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.
Current Position of Micron Technology
- Currently trading with a volume of 10,207,538, the MU's price is up by 2.77%, now at $102.61.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 14 days.
Unusual Options Activity Detected: Smart Money on the Move
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