Financial giants have been making bullish moves on Micron Technology, with 39 unusual trades being analyzed. The trades revealed that 48% of traders were bullish, while 46% appeared bearish. There were 16 puts valued at $738,388 and 23 calls valued at $1,064,308.
The major market movers are focusing on a price range between $50.0 and $170.0 for Micron Technology, based on trading volumes and Open Interest data over the last three months. Assessing volume and Open Interest is crucial in options trading to understand liquidity and investor interest at specific strike prices.
Micron Technology is a leading semiconductor company specializing in memory and storage chips, with a focus on DRAM and NAND chips. The company serves a global customer base across various industries. Currently, the stock is trading at $101.43, with an upcoming earnings report in 12 days.
The analysis also detected unusual options activity for Micron Technology, indicating smart money moves in the market. Options trading is riskier than stock trading but offers higher profit potential. Serious options traders manage risk through education, scaling trades, following multiple indicators, and staying informed about market trends.
For real-time options trade alerts on Micron Technology, Benzinga Pro provides updated information. The speculative nature of options trading requires diligence and constant monitoring of market data to make informed decisions.
Source
Photo credit www.benzinga.com