Micron Technology Unusual Options Activity For August 21
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Micron Technology (NASDAQ:MU), with a bearish stance being taken by a 'whale' investor. Of the 17 strange trades detected, 47% were bullish and 52% were bearish. The majority of these trades were puts, totaling $990,392, with calls totaling $299,200. The price target range for Micron Technology over the last 3 months has been between $63.0 and $85.0.
August 21, 2023 | 2:01 pm
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Micron Technology has seen significant unusual options activity, with a bearish stance being taken by a large investor. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a 'whale' investor, indicates a potential downward pressure on Micron Technology's stock price. The majority of the trades being puts also supports this potential downward trend.
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