See What Whales Are Doing With Micron Technology – Micron Technology (NASDAQ:MU)

Someone with a lot of money to spend has taken a bullish position Micron technology IN.

And retailers should know.

We noticed this today when the large position appeared in the publicly available options history that we track here at Benzinga.

Whether this is an institution or just a rich person, we do not know. But when something this big happens to MU, it often means someone knows something is going to happen.

So how do we know what this whale did?

Today, Benzinga’s options scanner spotted 11 unusual options trades for Micron Technology.

It is not normal.

The overall sentiment among these big-money traders is split between 54% bullish and 45% bearish.

Of all the special options we uncovered, 7 were puts, for a total of $740,282, and 4 were calls, for a total of $203,433.

What is the target price?

Taking into account the volume and open interest on these contracts, it appears that whales have been targeting a price range of $50.0 to $82.5 for Micron Technology over the past 3 months.

Volume development and open interest

Looking at volume and open interest is an insightful way to do your due diligence on a stock.

This data can help you track the liquidity and interest in Micron Technology options for a given strike price.

Below we can observe the development of call and put volume and open interest, respectively, for all of Micron Technology’s whale activity within a price range of $50.0 to $82.5 over the past 30 days.

Micron Technology Option Volume and Open Interest over the past 30 days

Biggest Options Spotted:

Symbol PUT/CALL Trade type moods Exp. Date Strike Price Total trade price Open interest Sound volume
IN I PUT TRADE WHIP 18.11.22 $60.00 $230.3K 1.4K 24
IN I PUT TRADE NEUTRAL 18.11.22 $60.00 227.5 thousand dollars 1.4K 2.0K
IN I PUT SWEEP WHIP 18.11.22 $60.00 118.2 thousand dollars 1.4K 1.5K
IN CALL TRADE BEARS 20.01.23 $55.00 72.5 thousand dollars 12.3K 25
IN CALL TRADE WHIP 11/04/22 $54.00 58.7 thousand dollars 3.3K 85
Symbol PUT/CALL Trade type moods Exp. Date Strike Price Total trade price Open interest Sound volume
IN I PUT TRADE WHIP 18.11.22 $60.00 $230.3K 1.4K 24
IN I PUT TRADE NEUTRAL 18.11.22 $60.00 227.5 thousand dollars 1.4K 2.0K
IN I PUT SWEEP WHIP 18.11.22 $60.00 118.2 thousand dollars 1.4K 1.5K
IN CALL TRADE BEARS 20.01.23 $55.00 72.5 thousand dollars 12.3K 25
IN CALL TRADE WHIP 11/04/22 $54.00 58.7 thousand dollars 3.3K 85

Where is Micron technology right now?

  • With volume of 5,528,196, MU price rose 5.93% to $56.65.
  • RSI indicators suggest that major stocks may be approaching overbought.
  • The next earnings are expected to be published in 45 days.

What experts say about Micron technology:

  • Loop Capital lowered its action to Buy with a price target of $70

Options are a riskier asset compared to just trading stocks, but have a higher potential for profit. Serious options traders manage this risk by learning daily, expanding and exiting trades, following more than one indicator, and watching the markets closely.

If you want to stay up to date with the latest options trades for Micron Technology, Benzinga Pro gives you real-time option trade alerts.

Leave a Comment