Looking At Micron Technology's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Micron Technology (NASDAQ:MU) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $45.0 to $65.0 for Micron Technology over the last 3 months.
August 25, 2023 | 4:46 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Micron Technology, which could potentially drive the stock price down in the short term.
The unusual options activity indicates that a large investor is expecting the stock price of Micron Technology to decrease. This could potentially influence other investors and drive the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100