What are whales doing with Micron technology

Benzinga’s options scanner just detected over 14 option trades Micron Technology mu The sum total of $538,309.

At the same time, our algo caught 7 out of a total amount of 207,650.

What is the price target?

Considering the volume and open interest on these contracts, it appears that Whale is targeting a price range of $35.0 to $90.0 for Micron Technology over the past 3 months.

Volume and open interest development

In terms of liquidity and interest, the average open interest for Micron Technology Options trades today stands at 4199.89, with a total volume of 3,123.00.

In the following chart, we have been able to follow the evolution of volume and open interest of call and put options for big money trades on Micron Technology within the strike price range of $35.0 to $90.0 over the past 30 days.

Micron Technology Option Volume and Open Interest over the last 30 days

Biggest option seen:









sign, symbol put/call business type Rate Expexp. Date strike price total business value open interest amount
mu Call Do the sweeping fast 07/29/22 $55.00 $104.0K 225 219
mu Call Do the sweeping fast 06/16/23 $60.00 $80.9K 1.9K 107
mu Call Do the sweeping fast 06/16/23 $75.00 $61.8K 1.2K 120
mu Call Do the sweeping fast 06/16/23 $82.50 $50.4K 1.1K 142
mu keep Business fast 01/20/23 $80.00 $41.3K 10.9K 1









sign, symbol put/call business type Rate Expexp. Date strike price total business value open interest amount
mu Call Do the sweeping fast 07/29/22 $55.00 $104.0K 225 219
mu Call Do the sweeping fast 06/16/23 $60.00 $80.9K 1.9K 107
mu Call Do the sweeping fast 06/16/23 $75.00 $61.8K 1.2K 120
mu Call Do the sweeping fast 06/16/23 $82.50 $50.4K 1.1K 142
mu keep Business fast 01/20/23 $80.00 $41.3K 10.9K 1

Where does Micron Technology stand now?

  • With a volume of 4,764,669, the MU price rose 1.02% to $60.27.
  • The RSI indicator is indicating that the underlying stock may be approaching overbought.
  • The next earnings release is expected in 62 days.

What experts say on Micron Technology:

  • Goldman Sachs has decided to maintain its buy rating on Micron Technology, which currently sits at a price target of $75.
  • Mizuho has decided to maintain its buy rating on Micron Technology, which currently sits at a price target of $84.
  • Deutsche Bank has decided to maintain its buy rating on Micron Technology, which currently sits at a price target of $70.
  • UBS has decided to maintain its buy rating on Micron Technology, which currently sits at a price target of $100.
  • B of A Securities has decided to maintain its buy rating on Micron Technology, which currently sits at a price target of $70.

Options are a riskier asset than simply trading stocks, but they have higher profit potential. Serious options traders manage this risk by educating themselves on a daily basis, scalping in and out of trades, following multiple indicators, and following the markets closely.

If you want to stay updated on the latest options trades for Micron Technology, Benzinga Pro gives you real-time options trade alerts.

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