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) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 26% bullish and 73% bearish. Out of the special options, 17 are puts, for a total amount of $1,918,543, and 2 are calls, for a total amount of $280,390. The price range targeted by these traders for Micron Technology over the last 3 months is from $60.0 to $90.0.
October 30, 2023 | 2:46 pm
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Unusual options activity indicates a significant bearish stance on Micron Technology. The targeted price range for the stock over the last 3 months is from $60.0 to $90.0.
The unusual options activity, with a significant number of puts, indicates that big-money traders are expecting the price of Micron Technology to fall. This bearish sentiment could put downward pressure on the stock price in the short term.
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