April 19, 2024 11:17 am | 2 minute read |
Crypto whales are loading — are you there?
New research shows that the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don't want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what's going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1.
Wealthy investors are taking a bearish approach to Micron Technology (NASDAQ:MU), and market players shouldn't ignore it. The important move was revealed today after tracking Benzinga's public option records. Although the identities of these investors remain unknown, such significant moves in MU usually signal that something big is about to happen.
We gathered this information from today's observations as Benzinga's Options Scanner revealed 36 unusual options activity for Micron Technology. This level of activity is abnormal.
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The overall mood of these leading investors is split, with 38% bullish and 61% bearish. Of these notable options, he has 18 puts totaling $1,119,927 and 18 calls totaling $740,529.
What is the target price?
Considering the volume and open interest of these contracts, it appears that Whale has been targeting Micron Technology's price range from $80.0 to $160.0 over the past three months.
Insights into volume and open interest
Evaluating volume and open interest is a strategic step in options trading. These metrics reveal liquidity and investor interest in Micron Technology options at a specified strike price. Upcoming data will visualize the changes in both call and put volume and open interest associated with Micron Technology's substantive trades within a strike price range of $80.0 to $160.0 over the past 30 days.
Micron Technology 30-day options volume and interest snapshot
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Optional activities of note:
| symbol | put/call | transaction type | emotions | Experience date | listen | bid | price | strike price | Total transaction price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mu | put | trade | bearish | 01/17/25 | $9.5 | $9.45 | $9.5 | $100.00 | $190,000 | 2.9K | 714 |
| Mu | put | sweep | neutral | 01/17/25 | $9.6 | $9.5 | $9.59 | $100.00 | 117.6 thousand dollars | 2.9K | 846 |
| Mu | put | sweep | strong | 04/19/24 | $11.65 | $11.5 | $11.5 | $120.00 | $115.0K | 5.2K | 382 |
| Mu | phone | sweep | bearish | 01/17/25 | $11.55 | $11.45 | $11.45 | $125.00 | 114.5 thousand dollars | 1.8K | 60 |
| Mu | put | trade | strong | 01/17/25 | $31.25 | $30.25 | $30.25 | $135.00 | 105.8 thousand dollars | 333 | 35 |
About Micron Technology
Micron is one of the world's largest semiconductor companies, specializing in memory and storage chips. The company's main source of revenue is dynamic random access memory (DRAM), but it also has a small investment in NAND flash chips. Micron serves a global customer base and sells chips for data centers, mobile phones, consumer electronics, industrial and automotive applications. This company is vertically integrated.
Given Micron Technology's recent options history, it's now appropriate to focus on the company itself. It is intended to investigate current performance.
Micron Technology's current market position
- With a trading volume of 9,494,208, MU price decreased by -2.82% and is located at $108.77.
- The RSI indicator shows that the stock is currently neutral between overbought and oversold.
- Financial results are expected to be announced within 68 days.
Options trading involves higher risk and potential reward. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and closely observing market movements. Stay up to date on the latest Micron Technology options trades with real-time alerts from Benzinga Pro.
Crypto whales are loading — are you there?
New research shows that the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don't want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what's going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1.
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