Micron Technology Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Micron Technology (NASDAQ:MU), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 78 uncommon options trades, with 74% being bearish and 25% bullish. Whales have been targeting a price range of $60 to $80 for Micron Technology over the last 3 months.
May 19, 2023 | 3:47 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Micron Technology (NASDAQ:MU) with 74% of 78 uncommon options trades being bearish. Whales have been targeting a price range of $60 to $80 for Micron Technology over the last 3 months.
The large investor's bearish stance on Micron Technology indicates that they may have information or expectations that the stock price will decline in the short term. The fact that 74% of the uncommon options trades are bearish suggests that there is a significant negative sentiment among these investors. This could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100