Micron Technology (NASDAQ:MU) has drawn the attention of prominent financial institutions, who are making significant moves in the options market. An analysis of options history for Micron Technology MU has revealed 55 unusual trades, indicating a bearish sentiment among these investors.
Further examination of the trades revealed that 38% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades, 11 were puts with a value of $1,019,614, and 44 were calls valued at $2,833,951.
Expected Price Movements
Based on the trading activity, it appears that significant investors are aiming for a price range of $72.5 to $165.0 for Micron Technology over the recent three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Micron Technology’s options at specific strike prices. The data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Micron Technology’s substantial trades, within a strike price spectrum from $72.5 to $165.0 over the preceding 30 days.
Micron Technology Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
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 NAND flash chips. Micron serves a global customer base, selling chips into various applications such as 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 8,796,672, the MU’s price is up by 1.09%, now at $133.03. RSI readings suggest the stock is currently neutral between overbought and oversold. The anticipated earnings release is in 79 days.
Expert Opinions on Micron Technology
Five market experts have recently issued ratings for this stock, with a consensus target price of $174.0. Analysts from Wedbush, Citigroup, UBS, Wells Fargo, and JP Morgan have all provided their insights and ratings for Micron Technology.
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 Benzinga Pro for real-time alerts.
This article incorporates insights and alerts from analyst ratings, free reports, and breaking news that affect the stocks of interest.
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