Micron Technology Unusual Options Activity For June 05
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Micron Technology (NASDAQ:MU), with 60% of detected unusual options trades being bearish. The total amount for puts is $477,334, while calls amount to $432,216. Whales have been targeting a price range of $15 to $70 for Micron Technology over the last 3 months.
June 05, 2023 | 3:17 pm
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A whale has taken a bearish stance on Micron Technology (NASDAQ:MU), with 60% of detected unusual options trades being bearish. The total amount for puts is $477,334, while calls amount to $432,216.
The bearish stance taken by a whale on Micron Technology indicates a potential short-term negative impact on the stock price. With 60% of the unusual options trades being bearish and a higher total amount for puts compared to calls, it is likely that the stock price may experience downward pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100