Micron Technology's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Investors are showing a bearish sentiment towards Micron Technology (NASDAQ:MU) with a significant amount of options trading activity. The sentiment is split with 37% bullish and 62% bearish. The options trades suggest a targeted price range of $70 to $130. Micron's stock is currently trading at $106.66, down by 1.23%.
August 21, 2024 | 2:17 pm
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Micron Technology is experiencing a high volume of options trading with a bearish sentiment. The stock is currently down 1.23% at $106.66. Options trades suggest a price range of $70 to $130.
The significant options trading activity with a bearish sentiment indicates potential downward pressure on Micron's stock price. The current price is $106.66, and the options suggest a wide target range, indicating uncertainty. The bearish sentiment outweighs the bullish, suggesting a likely short-term decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100