Micron Technology trades whales for July 12

A whale with plenty of money to spend has taken a distinctly Bulgarian stance Micron Technology.

Looking at options history for Micron Technology smack we discovered 60 odd trades.

If we consider the specifics of each trade, it is correct to say that 58% of investors opened trades with bullish expectations and 41% with bearish ones.

Of the total dirty trades, 38 were puts, for a total amount of $2,595,232, and 22 were calls, for a total amount of $856,356.

What is the price target?

Considering the volume and open interest in these contracts, it appears that whales have targeted a price range of $17.5 to $150.0 for Micron Technology over the past 3 months.

Volume and development of open interest

In terms of liquidity and interest, the average open interest for Micron Technology options trading today is 4978.79 with a total volume of 33,611.00.

In the chart below, we are able to follow the volume development and call open interest and place Micron Technology big money trading options within a strike price range of $17.5 to $150.0 during the last 30 days.

Micron Technology option volume and open interest over the past 30 days

Largest options found:

symbol PUT/CALL Type of trade Feeling Exp. date Fixed price Total trade price Open interest Volume
smack SETTLING commerce wave 16.06.23 $50.00 308.0 thousand dollars 7.1 thousand 1.1 thousand
smack SETTLING ERASE wave 19.01.24 $115.00 249.5 thousand dollars 503 50
smack SETTLING commerce wave 17.03.23 $47.50 241.2 thousand dollars 13 670
smack SETTLING ERASE wave 20.01.23 $57.50 208.5 thousand dollars 10.7 thousand 1.0 thousand
smack SETTLING commerce BULLY 19.08.22 $57.50 163.0 thousand dollars 1.0 thousand 1.0 thousand
symbol PUT/CALL Type of trade Feeling Exp. date Fixed price Total trade price Open interest Volume
smack SETTLING commerce wave 16.06.23 $50.00 308.0 thousand dollars 7.1 thousand 1.1 thousand
smack SETTLING ERASE wave 19.01.24 $115.00 249.5 thousand dollars 503 50
smack SETTLING commerce wave 17.03.23 $47.50 241.2 thousand dollars 13 670
smack SETTLING ERASE wave 20.01.23 $57.50 208.5 thousand dollars 10.7 thousand 1.0 thousand
smack SETTLING commerce BULLY 19.08.22 $57.50 163.0 thousand dollars 1.0 thousand 1.0 thousand

Where does Micron technology stand now?

  • With a volume of 17,357,333, the price of MU rose 1.73% to $58.81.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • The next earnings are expected to be released in 77 days.

What experts say about Micron technology:

  • Cowen & Co. has decided to maintain their Outperform rating on Micron Technology, which currently has a price target of $70.
  • Mizuho has decided to maintain their Buy rating on Micron Technology, which currently has a price target of $95.
  • UBS has decided to maintain its Buy rating on Micron Technology, which currently has a price target of $100.
  • Piper Sandler has decided to maintain their underweight rating on Micron Technology, which currently has a price target of $50.
  • Morgan Stanley has decided to maintain their equal weight rating on Micron Technology, which currently has a price target of $56.

Options are a riskier asset compared to stock trading, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay up to date on the latest options trading for Micron Technology, Benzinga Pro gives you real-time options trading alerts.

Leave a Comment

Your email address will not be published.