Micron Technology Options Trading: A Deep Dive into Market Sentiment – Micron Technology (NASDAQ:MU) – Journal Global Online

Investors with a aggregation of money to pay hit condemned a bullish attitude on Micron Technology MU.

And retail traders should know.

We detected this today when the trades showed up on publically acquirable options story that we road here at Benzinga.

Whether these are institutions or meet wealthy individuals, we don’t know. But when something this bounteous happens with MU, it ofttimes effectuation somebody knows something is most to happen.

So how do we undergo what these investors meet did?

Today, Benzinga‘s options detector patterned 16 exceptional options trades for Micron Technology.

This isn’t normal.

The coverall view of these big-money traders is separate between 56% bullish and 37%, bearish.

Out of every of the direct options we uncovered, 5 are puts, for a turn turn of $185,673, and 11 are calls, for a turn turn of $3,111,931.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it’s plain that the field mart movers are centering on a toll adornment between $87.5 and $180.0 for Micron Technology, spanning the terminal threesome months.

Insights into Volume & Open Interest

Looking at the intensity and unstoppered welfare is an insightful artefact to carry cod travail on a stock.

This accumulation crapper support you road the liquidity and welfare for Micron Technology’s options for a presented accomplish price.

Below, we crapper notice the phylogenesis of the intensity and unstoppered welfare of calls and puts, respectively, for every of Micron Technology’s whale state within a accomplish toll arrange from $87.5 to $180.0 in the terminal 30 days.

Micron Technology Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Micron Technology

Micron is digit of the maximal conductor companies in the world, specializing in module and hardware chips. Its direct income course comes from impulsive haphazard admittance memory, or DRAM, and it also has eld danger to not-and or NAND, winkle chips. Micron serves a orbicular client base, commerce chips into accumulation centers, ambulatory phones, consumer electronics, and industrialized and moving applications. The concern is vertically integrated.

Following our psychotherapy of the options activities related with Micron Technology, we parader to a fireman countenance at the company’s possess performance.

Where Is Micron Technology Standing Right Now?

• With a intensity of 2,945,191, the toll of MU is up 0.2% at $132.86.
• RSI indicators suggestion that the inexplicit hit is currently viewless between overbought and oversold.
• Next earnings are due to be free in 84 days.

Professional Analyst Ratings for Micron Technology

5 mart experts hit fresh issued ratings for this stock, with a consensus direct toll of $185.4.

• An shrink from author metropolis has definite to reassert their Overweight judgement on Micron Technology, which currently sits at a toll direct of $190.
• Maintaining their stance, an shrink from B of A Securities continues to stop a Buy judgement for Micron Technology, targeting a toll of $170.
• Maintaining their stance, an shrink from Rosenblatt continues to stop a Buy judgement for Micron Technology, targeting a toll of $225.
• Maintaining their stance, an shrink from Baird continues to stop a Outperform judgement for Micron Technology, targeting a toll of $172.
• An shrink from Wedbush persists with their Outperform judgement on Micron Technology, maintaining a direct toll of $170.

Options trading presents higher risks and possibleness rewards. Astute traders control these risks by continually educating themselves, adapting their strategies, monitoring binary indicators, and ownership a near receptor on mart movements. Stay conversant most the stylish Micron Technology options trades with real-time alerts from Benzinga Pro.