Micron Technology Unusual Options Activity For August 29
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 39% bullish and 60% bearish. The whales have been targeting a price range from $50.0 to $90.0 for Micron Technology over the last 3 months. The price of MU is currently up 2.42% at $66.89.
August 29, 2023 | 7:46 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Micron Technology. This could potentially impact the stock's price in the short term.
The unusual options activity, with a bearish sentiment from a large investor, indicates that there may be a belief that the stock's price will decrease. This could potentially lead to a self-fulfilling prophecy as other investors react to this activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100