Smart Money Is Betting Big In Micron Technology Options
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment in Micron Technology (NASDAQ:MU) options trading, with 66% of trades showing bearish tendencies. The analysis of 15 unusual trades indicates a focus on a price band between $35.0 and $95.0. The largest trades include both puts and calls, with a notable bearish sentiment in call sweeps. Micron Technology, a leading semiconductor company, has seen its stock price increase by 0.34%, with a current price of $86.77. The next earnings report is expected in 50 days.
February 05, 2024 | 6:30 pm
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Micron Technology shows a bearish sentiment in options trading, with a significant portion of trades predicting a price movement between $35 and $95. The stock has recently increased by 0.34%, trading at $86.77.
The bearish sentiment in options trading suggests a cautious outlook from traders, despite the recent stock price increase. The focus on a wide price band indicates uncertainty about future price movements. The upcoming earnings report in 50 days could be a significant catalyst for price changes.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100