Smart Money Is Betting Big In Micron Technology Options – Quantisnow

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Financial giants have made a conspicuous bearish move on Micron Technology. Our analysis of options history for Micron Technology (NASDAQ:MU) revealed 55 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $1,019,614, and 44 were calls, valued at $2,833,951.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $72.5 to $165.0 for Micron Technology over the recent three months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Micron Technology’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Micron Technology’s substantial trades, within a strike price spectrum from $72.5 to $165.0 over the preceding 30 days.
Options Call Chart

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MU PUT TRADE BEARISH 01/16/26 $22.9 $21.65 $22.6 $130.00 $361.6K 96 0
MU CALL SWEEP NEUTRAL 08/16/24 $9.0 $8.85 $8.9 $130.00 $259.8K 6.7K 378
MU PUT TRADE BEARISH 08/16/24 $5.85 $5.75 $5.85 $130.00 $175.5K 5.1K 162
MU CALL SWEEP NEUTRAL 07/19/24 $60.25 $59.15 $59.2 $72.50 $171.6K 18.4K 286
MU CALL SWEEP BULLISH 12/19/25 $31.2 $30.6 $31.2 $135.00 $156.0K 3.2K 7

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
Following our analysis of the options activities associated with Micron Technology, we pivot to a closer look at the company’s own performance.
5 market experts have recently issued ratings for this stock, with a consensus target price of $174.0.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Micron Technology with Benzinga Pro for real-time alerts.
Financial giants have made a conspicuous bearish move on Micron Technology. Our analysis of options history for Micron Technology (NASDAQ:MU) revealed 55 unusual trades. Delving into the details, we found 38% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $1,019,614, and 44 were calls, valued at $2,833,951. Expected Price Movements Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $72.5 to $165.0 for Micron Technology over the recent three months. Insights into Volume & Open Interest Assessing the volume and open interest is a strategic step
Nvidia Corp. (NASDAQ:NVDA) has received a rare downgrade from New Street Research, with the analyst citing concerns about the stock’s overvaluation. What Happened: New Street Research analyst Pierre Ferragu downgraded Nvidia’s stock from buy to neutral, citing that the stock is "getting fully valued" after a remarkable 161% surge this year to date. The stock had previously seen a gain of almost 240% in 2023. Ferragu expressed doubt about any additional upside, stating that it would only materialize in a bull case, which is not yet certain. He also warned of a potential risk of derating if the current outlook remains unchanged. Subscribe to the Benzinga Tech Trends newsletter to get
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BULLISH 07/05/24 $125.00 $39.7K 71.1K 231.1K AAPL CALL SWE
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BULLISH 07/05/24 $125.00 $39.7K 71.1K 231.1K AAPL CALL SWE
Investors with a lot of money to spend have taken a bullish stance on Micron Technology (NASDAQ:MU). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MU, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 16 uncommon options trades for Micron Technology. This isn't normal. The overall sentiment of these big-money traders is split between 56% bullish and 37%, bearish. Out of all o
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Micron Technology, Inc (NASDAQ:MU) Chief Business Officer Sumit Sadana expressed his enthusiasm about the company’s strategic investment in India during a recent panel discussion. What Happened: During the CNBC-TV18 Young Turks’ Voices from the Valley series, CNBC reported that Micron’s capacity is fully booked through the end of 2025. Sadana emphasized AI’s transformative impact on various sectors, including healthcare and education. He noted that AI can analyze vast datasets to identify trends and develop targeted treatments faster than humans. It can offer personalized learning experiences to address the global teacher shortage. Sadana acknowledged the need for substantial semico
The Biden administration has initiated a new program to develop the U.S. computer-chip workforce, aiming to prevent a labor shortage that could hinder domestic semiconductor production. The initiative, called the workforce partner alliance, will utilize part of the $5 billion federal funding allocated for the National Semiconductor Technology Center (NSTC). Bloomberg reported that up to 10 workforce development projects will receive grants ranging from $500,000 to $2 million. The NSTC will launch additional application processes in the coming months, determining the total spending after all proposals are reviewed. This funding comes from the 2022 Chips and Science Act, which earm
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This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BEARISH 07/05/24 $125.00 $31.2K 42.1K 173.2K AAPL CALL SWEEP BEARISH 07/05/24 $217.50
Needham reiterated coverage of Micron with a rating of Buy and set a new price target of $150.00 from $120.00 previously
TD Cowen reiterated coverage of Micron with a rating of Buy and set a new price target of $160.00 from $150.00 previously
Stifel reiterated coverage of Micron with a rating of Buy and set a new price target of $165.00 from $140.00 previously
Wedbush reiterated coverage of Micron with a rating of Outperform and set a new price target of $170.00 from $130.00 previously
Morgan Stanley upgraded Micron from Underweight to Equal-Weight and set a new price target of $130.00 from $98.00 previously
Robert W. Baird upgraded Micron from Neutral to Outperform and set a new price target of $150.00 from $115.00 previously
KeyBanc Capital Markets reiterated coverage of Micron with a rating of Overweight and set a new price target of $150.00 from $135.00 previously
Fox Advisors upgraded Micron from Equal Weight to Overweight
Argus upgraded Micron from Hold to Buy and set a new price target of $140.00
TD Cowen reiterated coverage of Micron with a rating of Outperform and set a new price target of $150.00 from $120.00 previously
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BOISE, Idaho, June 28, 2023 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU) today announced results for its third quarter of fiscal 2023, which ended June 1, 2023. Fiscal Q3 2023 highlights Revenue of $3.75 billion versus $3.69 billion for the prior quarter and $8.64 billion for the same period last yearGAAP net loss of $1.90 billion, or $1.73 per diluted shareNon-GAAP net loss of $1.57 billion, or $1.43 per diluted shareOperating cash flow of $24 million versus $343 million for the prior quarter and $3.84 billion for the same period last year "Micron delivered fiscal third quarter revenue, gross margin, and EPS all above the midpoint of the guidance range," said Micron Technolo
BOISE, Idaho, June 01, 2023 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU), announced today that it will hold its fiscal third quarter earnings conference call on Wednesday, June 28, 2023, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron's Investor Relations website for approximately one year after the call. About Micron Technology, Inc.We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excel
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ — With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
Seasoned financial leader brings deep experience delivering operational efficiency and profitable growth Bloom Energy Inc. (NYSE:BE), a leading provider of clean energy solutions, announced today the appointment of Daniel Berenbaum as Chief Financial Officer, effective April 29, 2024. Berenbaum will succeed Greg Cameron, who will remain with the company until mid-May 2024 to ensure a smooth transition. "We're thrilled to have Dan join our leadership team," said KR Sridhar, Founder, Chairman and Chief Executive Officer. "He stood out among an exceptional group of finalists by showing a strong record of success across the board – on scaling and strategy; on financial discipline and cost r
BOISE, Idaho, March 11, 2024 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU), an industry leader in innovative memory and storage solutions, today announced the appointment of Robert (Bob) Swan to its board of directors. A recognized leader with a distinguished career in the semiconductor, technology and industrial sectors, Swan currently serves as an operating partner at Andreessen Horowitz, where he advises growth-stage portfolio companies. Swan's extensive background includes his tenure as CFO and later CEO of Intel Corporation, where he oversaw 110,000 employees and $78B in annual sales. Prior to joining Intel, as CFO of eBay, Swan played a significant role in driving the co
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BOISE, Idaho, Feb. 01, 2023 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU), today announced the appointment of Raj Narasimhan to the role of senior vice president and general manager of its Compute and Networking Business Unit. Narasimhan will be responsible for leading Micron's largest business, driving advances in memory products focused on high-performance computing, artificial intelligence, and cloud and client computing. He will report to Sumit Sadana, Micron's executive vice president and chief business officer. "Raj brings a wealth of experience to this role, having built his career at Micron focusing on quality, R&D, manufacturing and product and customer management," sai
BOISE, Idaho, Dec. 30, 2022 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU), today announced the appointment of Mark Montierth to the role of corporate vice president and general manager of its Mobile Business Unit. Montierth will be responsible for leading Micron's mobile business, including building world-class mobile solutions to address the growing market opportunity for memory and storage driven by the demand for data-intensive mobile experiences. Montierth will report to Sumit Sadana, Micron's executive vice president and chief business officer. "I'm excited to have Mark take on this new role at Micron," said Sadana. "Mark's leadership skills, success in running innovative,
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BOISE, Idaho, April 07, 2022 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU), an industry leader in innovative memory and storage solutions, today announced the appointment of Courtney Geduldig to the role of corporate vice president for public affairs. "Courtney joins Micron with extensive experience in regulatory and public affairs and a very impressive track record in leading global government relations organizations to advance public policy initiatives across industries and around the world," said David Moore, senior vice president and chief strategy officer at Micron. "We are very excited to have a leader of Courtney's caliber and experience join Micron's leadership team at a
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BOISE, Idaho, April 04, 2022 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU), an industry leader in innovative memory and storage solutions, today announced the appointment of Fran Dillard to the role of vice president and chief diversity inclusion officer. Dillard brings more than 20 years of diversity leadership and HR experience to advance the company's key diversity initiatives.   "Diversity, equality and inclusion are foundational at Micron and we're excited to have Fran's leadership, exceptional skills and deep experience to accelerate our vision and strategy and build on our history of championing an inclusive workplace for all," said April Arnzen, senior vice president and
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BOISE, Idaho, May 28, 2024 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU), announced today that it will hold its fiscal third quarter earnings conference call on Wednesday, June 26, 2024, at 2:30 p.m. Mountain time. The call will be webcast live at http://investors.micron.com/. Webcast replays of presentations can be accessed from Micron's Investor Relations website for approximately one year after the call. About Micron Technology, Inc.  We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellen
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BOISE, Idaho, May 07, 2024 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU) announced today that company executives will participate in fireside chats at the following investor events: J.P. Morgan's 52nd Annual Global Technology, Media and Communications Conference in Boston on Tuesday, May 21 at 6:10 a.m. Mountain time.Goldman Sachs' Global Semiconductor Conference in New York on Thursday, May 30 at 6:20 a.m. Mountain time. Live webcasts and subsequent replays of presentations can be accessed from Micron's Investor Relations website at investors.micron.com/. About Micron Technology, Inc.  We are an industry leader in innovative memory and storage solutions transforming how
BOISE, Idaho, May 07, 2024 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU), today announced the availability of Crucial® LPCAMM2, the disruptive next-generation laptop memory form factor that features LPDDR5X mobile memory to level up laptop performance for professionals and creators. Consuming up to 58% less active power1 and with a 64% space savings compared to DDR5 SODIMMs,2 LPCAMM2 delivers higher bandwidth and dual-channel support with a single module. LPCAMM2 is an ideal high-performance memory solution for handling AI PC and complex workloads and is compatible with the powerful and versatile Lenovo® ThinkPad® P1 Gen 7 mobile workstations. "LPCAMM2 is a game-changer for
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ — With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
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10-Q – MICRON TECHNOLOGY INC (0000723125) (Filer)
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8-K – MICRON TECHNOLOGY INC (0000723125) (Filer)
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8-K – MICRON TECHNOLOGY INC (0000723125) (Filer)

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