Looking At Micron Technology's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Micron Technology (NASDAQ:MU), with a large bearish position appearing on Benzinga's options scanner. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $45.0 to $105.0 for Micron Technology over the last 3 months.
June 20, 2023 | 8:47 pm
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Micron Technology (NASDAQ:MU) has seen unusual options activity, with a large bearish position appearing on Benzinga's options scanner. The overall sentiment of big-money traders is split between 47% bullish and 52% bearish.
The unusual options activity, particularly the large bearish position, indicates that there may be some negative sentiment among big-money traders regarding Micron Technology's stock. This could potentially lead to a short-term decrease in the stock price, especially if the bearish sentiment continues to grow.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100