A 20-year professional trader reveals his “money line”
Ditch the indicator and use “MoneyLine”. Simple lines take the guesswork out of knowing when to buy or sell. This is the line on the chart that helped Nic Chahine earn his 83% of option purchases. Here's how he does it.
Investors with large amounts of money at their disposal are taking a bullish stance. micron technology (NASDAQ:MU).
And retail traders should know.
We noticed this today when a trade appeared in the public options history we track here at Benzinga.
I don't know if these are organizations or just wealthy individuals. But for something this big to happen at MU often means someone knows something is about to happen.
So how do we know what these investors did?
Benzinga's Options Scanner found 75 unusual options trades for Micron Technology today.
This is not normal.
The overall sentiment among these big money traders is split between 50% bullish and 38% bearish.
Of all the special options we uncovered, 12 were puts totaling $528,959 and 63 were calls totaling $3,936,463.
Expected price range
Analyzing the volume and open interest of these contracts, it appears that major players have priced Micron Technology between $65.0 and $180.0 over the past quarter.
Analysis of trading 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 $65.0 to $180.0 over the past 30 days.
Volume and open interest for Micron Technology options over the past 30 days
Largest options trade observed:
| symbol | put/call | transaction type | emotion | Experience date | listen | bid | price | strike price | Total transaction price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mu | phone | trade | strong | 09/20/24 | $40.1 | $40.1 | $40.1 | $90.00 | $160.4,000 | 3.5K | 54 |
| Mu | phone | trade | bearish | 06/20/25 | $42.05 | $41.75 | $41.87 | $97.50 | 125.6 thousand dollars | 308 | 30 |
| Mu | phone | sweep | bearish | 01/17/25 | $5.35 | $5.25 | $5.25 | $180.00 | 118.1 thousand dollars | 2.0K | 580 |
| Mu | put | sweep | strong | 12/20/24 | $11.4 | $11.3 | $11.3 | $120.00 | $113.0K | 275 | 101 |
| Mu | phone | sweep | strong | 05/17/24 | $8.5 | $8.45 | $8.5 | $118.00 | 109.6 thousand dollars | 1.4K | 330 |
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.
Now that we've looked at Micron Technology's options trading patterns, it's time to look directly at the company. This change allows us to take a closer look at our current market position and performance.
Micron Technology's current market situation
- With a trading volume of 9,352,309, MU price increased by 1.75% and is located at $127.0.
- The RSI indicator indicates that the stock may be approaching overbought status.
- Financial results are expected to be announced within 42 days.
What analysts are saying about Micron Technology
Two market experts have recently released their ratings for this stock, with a consensus price target of $147.5.
- Baird analysts upgraded their stance to outperform and set a new price target of $150.
- Barclays analysts maintain their stance on Micron Technology, with an Overweight rating and a $145 price tag on the stock.
Options trading involves higher risks and potential rewards. 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.
A 20-year professional trader reveals his “money line”
Ditch the indicator and use “MoneyLine”. Simple lines take the guesswork out of knowing when to buy or sell. This is the line on the chart that helped Nic Chahine earn his 83% of option purchases. Here's how he does it.
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