Looking At Micron Technology's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Micron Technology (NASDAQ:MU), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 23 uncommon trades, split between 56% bullish and 43% bearish. The trades included 9 puts amounting to $532,595 and 14 calls amounting to $807,778. The targeted price range for Micron Technology over the last 3 months is from $65.0 to $72.5. Analysts have mixed ratings on the company, with price targets ranging from $58 to $90.
October 02, 2023 | 3:31 pm
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Unusual options activity observed for Micron Technology, indicating a bullish stance. Analysts have mixed ratings with price targets ranging from $58 to $90.
The unusual options activity, particularly the large bullish position, indicates that there may be significant movement in Micron Technology's stock price in the near future. The mixed analyst ratings and wide range of price targets suggest uncertainty, but the overall sentiment leans towards bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100