Investors show bearish sentiment in Micron Technology options activity

benzinga.com October 30, 2024, 08:01 PM UTC

Investors are showing a bearish sentiment towards Micron Technology, with 66% of recent options activity indicating a negative outlook. Benzinga's options scanner identified 36 unusual trades, with a total of $2 million in options, including $386,191 in puts and $1.6 million in calls. The trading volume suggests that major players are targeting a price range between $80 and $250 for Micron. Currently, the stock is trading at $104.76, down 3.16%, with an earnings announcement expected in 49 days. Analysts have mixed views, with a consensus target price averaging $142.5. Keybanc maintains an Overweight rating with a target of $135, while Cantor Fitzgerald has adjusted its target to $150.


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