• Wed. Sep 28th, 2022

What Are Whales Doing With Micron Technology

ByBenzinga Insights

Jul 27, 2022
What Are Whales Doing With Micron Technology

Benzinga’s options scanner just detected over 14 options trades for Micron Technology MU summing a total amount of $538,309.

At the same time, our algo caught 7 for a total amount of 207,650.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $90.0 for Micron Technology over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Micron Technology options trades today is 4199.89 with a total volume of 3,123.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Micron Technology’s big money trades within a strike price range of $35.0 to $90.0 over the last 30 days.

Micron Technology Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:









Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MU CALL SWEEP BULLISH 07/29/22 $55.00 $104.0K 225 219
MU CALL SWEEP BULLISH 06/16/23 $60.00 $80.9K 1.9K 107
MU CALL SWEEP BULLISH 06/16/23 $75.00 $61.8K 1.2K 120
MU CALL SWEEP BULLISH 06/16/23 $82.50 $50.4K 1.1K 142
MU PUT TRADE BULLISH 01/20/23 $80.00 $41.3K 10.9K 1









Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MU CALL SWEEP BULLISH 07/29/22 $55.00 $104.0K 225 219
MU CALL SWEEP BULLISH 06/16/23 $60.00 $80.9K 1.9K 107
MU CALL SWEEP BULLISH 06/16/23 $75.00 $61.8K 1.2K 120
MU CALL SWEEP BULLISH 06/16/23 $82.50 $50.4K 1.1K 142
MU PUT TRADE BULLISH 01/20/23 $80.00 $41.3K 10.9K 1

Where Is Micron Technology Standing Right Now?

  • With a volume of 4,764,669, the price of MU is up 1.02% at $60.27.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 62 days.

What The Experts Say On Micron Technology:

  • Goldman Sachs has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $75.
  • Mizuho has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $84.
  • Deutsche Bank has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $70.
  • UBS has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $100.
  • B of A Securities has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $70.

Options are a riskier asset compared to just trading the stock, 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 updated on the latest options trades for Micron Technology, Benzinga Pro gives you real-time options trades alerts.



Image and article originally from www.benzinga.com. Read the original article here.