Looking At Micron Technology's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Micron Technology (NASDAQ:MU) indicates a bearish sentiment among deep-pocketed investors, with 66% of the options activity being bearish. The options activity includes 8 puts and 28 calls, with a significant total trade price. Analysts have mixed views, with price targets ranging from $135 to $150. Micron's stock is currently down by 3.16%, and its RSI suggests it may be approaching overbought territory.
October 30, 2024 | 7:16 pm
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Micron Technology is experiencing unusual options activity with a bearish sentiment from major investors. The stock is down 3.16%, and analysts have mixed ratings with price targets between $135 and $150.
The significant bearish options activity suggests that major investors expect a decline in Micron's stock price. The stock's current decline of 3.16% aligns with this sentiment. Analysts' mixed ratings and price targets indicate uncertainty, but the overall bearish options activity is likely to exert downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100