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Smart Money Is Betting Big In Micron Technology Options

Benzinga ·  Dec 23 15:30

Financial giants have made a conspicuous bearish move on Micron Technology. Our analysis of options history for Micron Technology (NASDAQ:MU) revealed 81 unusual trades.

Delving into the details, we found 37% of traders were bullish, while 48% showed bearish tendencies. Out of all the trades we spotted, 40 were puts, with a value of $2,965,115, and 41 were calls, valued at $4,609,560.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $220.0 for Micron Technology over the recent three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights...

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