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Unusual Options Activity Detected in Micron Technology (NASDAQ:MU) on December 11


Investors with significant capital are bullish on Micron Technology, as indicated by recent options trading activity monitored by Benzinga. While it is unclear whether these investors are institutions or high-net-worth individuals, the substantial trades suggest insider knowledge or confidence in the company’s future performance. The options scanner identified 10 trades for Micron, with a split sentiment between bullish and bearish positions. The total value of these trades amounted to $467,057, with a predicted price range for Micron between $60.0 and $120.0 in the coming months.

Micron Technology is a major player in the semiconductor industry, specializing in memory and storage chips. Its revenue primarily comes from DRAM and NAND flash chips, serving a diverse customer base globally. The company’s stock, MU, is currently trading at $98.43, with a neutral RSI indication between overbought and oversold levels. The next earnings report is expected in 7 days.

For retail traders, staying informed about options trading activity surrounding Micron Technology can provide valuable insights into market trends. By using tools like Benzinga Pro for real-time alerts, traders can make informed decisions based on the latest market data. While trading options involves risks, strategic approaches and ongoing education can help investors navigate the market effectively. Stay updated on Micron Technology and other market news through sources like Benzinga to make informed investment decisions.

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Photo credit www.benzinga.com

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