A major financial whale seems to have set their eyes on Micron Technology (NASDAQ:MU). An unexpected flurry of options activity caught our radar. Is someone privy to inside info? Let’s break it down.
Whale Watch: Today’s Findings
- Total Unusual Trades: 12 Micron Technology options.
- Breakdown: 66% Bullish | 33% Bearish
- Investment Details: 3 puts ($128,752) | 9 calls ($536,505)
Target Talk : Recent data suggests a target price range of $40.0 – $80.0 for Micron Technology in the next three months. But how are we so sure? Check out the Volume & Open Interest metrics below:
- Average Open Interest: 6,153.67
- Total Volume Today: 3,604.00
For the Data Enthusiasts: A 30-day trend showcases a spike in both volume and open interest for Micron, particularly in the $40.0 – $80.0 strike price range.
Snapshot: Today’s Top Trade
| Symbol | Type | Sentiment | Exp. Date | Strike Price | Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|
| MU | CALL SWEEP | BEARISH | 01/17/25 | $70.00 | $109.6K | 5.0K | 160 |
| … | … | … | … | … | … | … | … |
Micron Technology Spotlight
- Current Price: Up by 0.96% at $69.73.
- Volume Today: 5,341,781
- Stock Health: RSI indicators show it’s neutral.
- Earnings Update: To be unveiled in 70 days!
Analyst Alley :
- Wedbush: Downgraded to Outperform ($80 target)
- Baird: Maintains Neutral ($65 target)
- Citigroup: Downgraded to Buy ($85 target)
- … and more!
Final Thoughts: Treading into the options territory? It’s riskier than regular stock trades, but the rewards are hefty for those who get it right. Stay informed, keep a pulse on the market, and never stop learning.
