If a big person buys a lot of a certain stock, they might know something is going to happen. Benzinga noticed that a lot of people bought a lot of Micron Technology stocks recently. This could mean they know something good or bad is going to happen, and other people might want to pay attention to that. Read from source...
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Article's Top Tags: Stock Options, Stock Trades, Stock Trades, Stock Trades, Stock Trades
Article's Entity: Micron Technology Inc
Article's Top Entity: Micron Technology
Type: Text
Sentiment: Neutral
Encoded Text: Investors with a lot of money to spend have taken a bearish stance on Micron Technology 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 23 uncommon options trades for Micron Technology. This isn't normal. The overall sentiment of these big-money traders is split between 30% bullish and 60%, bearish. Out of all of the special options we uncovered, 3 are puts, for a total amount of $177,735, and 20 are calls, for a total amount of $1,361,812. Predicted Price Range Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $150.0 for Micron Technology over the recent three months. Volume & Open Interest Trends Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Micron Technology's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Micron Technology's whale trades within a strike price range from $95.0 to $150.0 in the last 30 days. Micron Technology 30-Day Option Volume & Interest Snapshot Largest Options Trades Observed: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume MU CALL SWEEP BEARISH $215.8K 1.1K MU CALL SWEEP BEARISH $145.5K 1.1K MU CALL TRADE BEARISH $122.0K 1.2K MU CALL TRADE BEARISH $111.0K 3.8K MU CALL SWEEP BULLISH $90.0K 5.0K About Micron Technology Micron is
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