Micron Technology (MU): See what the whales are doing with Micron technology

Someone with a lot of money to spend has taken a bullish stance on micron technology MU.

And retailers should know.

We became aware of this today when the large position in the publicly available options history that we track here at Benzinga surfaced.

Whether it’s an institution or just a wealthy individual, we don’t know. But when something this big happens with MU, it often means that someone knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner detected 10 rare option trades for Micron Technology.

This is not normal.

The overall sentiment from these big money traders is split between 70% bullish and 30% bearish.

Of all the special options we discovered, 2 are puts, for a total amount of $53,410, and 8 are calls, for a total amount of $425,672.

What is the target price?

Considering the volume and open interest of these contracts, it appears that the whales have been targeting a price range of $35.0 to $64.0 for Micron Technology over the last 3 months.

Volume development and open interest

Observing volume and open interest is an insightful way to perform due diligence on a stock.

This data can help you track the liquidity and interest of Micron Technology options for a given strike price.

Below, we can observe the evolution of call and put volume and open interest, respectively, for all Micron Technology whale activity within a strike price range of $35.0 to $64.0 over the last 30 days.

Micron technology option volume and open interest in the last 30 days

Largest options detected:









Symbol PUT/FLAME trade type Feeling Exp Date exercise price full trading price open interest Volume
MU TO CALL SWEEP BULLISH 09/16/22 $52.50 $85.5K 482 414
MU TO CALL SWEEP BULLISH 09/16/22 $52.50 $78.6K 482 241
MU TO CALL SWEEP BEARISH 06/21/24 $40.00 $71.1K 100 30
MU TO CALL SWEEP BULLISH 09/16/22 $52.50 $61.0K 482 411
MU TO CALL SWEEP BULLISH 09/16/22 $52.50 $46.6K 482 94









Symbol PUT/FLAME trade type Feeling Exp Date exercise price full trading price open interest Volume
MU TO CALL SWEEP BULLISH 09/16/22 $52.50 $85.5K 482 414
MU TO CALL SWEEP BULLISH 09/16/22 $52.50 $78.6K 482 241
MU TO CALL SWEEP BEARISH 06/21/24 $40.00 $71.1K 100 30
MU TO CALL SWEEP BULLISH 09/16/22 $52.50 $61.0K 482 411
MU TO CALL SWEEP BULLISH 09/16/22 $52.50 $46.6K 482 94

Where is Micron’s technology right now?

  • With a volume of 1,342,994, the price of MU is down -0.18% to $56.91.
  • The RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • The next earnings are expected to be released in 30 days.

What the experts say about Micron technology:

  • Deutsche Bank has decided to maintain its buy rating on Micron Technology, which currently has a price target of $68.
  • Raymond James downgraded his stock to Outperform with a $65 price target
  • Mizuho has decided to maintain his Buy rating on Micron Technology, which currently has a $75 price target.
  • Citigroup has decided to maintain its Buy rating on Micron Technology, which currently has a $75 price target.

Options are a riskier asset compared to stock trading, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and closely following the markets.

If you want to stay up-to-date on the latest options trading for Micron Technology, Benzinga Pro provides you with real-time option trading alerts.

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