Benzinga | Sep 14, 2021 03:01PM EDT

Options Trading: Micron Technology's Smart Money Trades For September 14

Today, Benzinga's options scanner spotted 19 uncommon options trades for Micron Technology (NASDAQ:MU). The overall sentiment shows 31.58% of the big-money traders are bullish on the stock and 68.42%, bearish. Out of all of the special options found by our algorithm, 14 are puts, for a total amount of $2,259,227 and 5, calls, for a total amount of $1,179,923.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $55.0 to $85.0 for Micron Technology in the over the last 3 months.

Volume & Open Interest Development

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 smart money trades within a strike price range from $55.0 to $85.0 in the last 30 days.

Micron Technology Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestMU CALL TRADE BULLISH 09/17/ $70.00 $538.5K 14.7K 5.8K 21MU PUT TRADE NEUTRAL 09/17/ $75.00 $190.9K 42.0K 1.8K 21MU PUT TRADE BEARISH 01/21/ $75.00 $1.4 million 14.4K 2.1K 22MU CALL TRADE NEUTRAL 01/21/ $85.00 $333.9K 14.0K 1.4K 22MU PUT TRADE BEARISH 09/17/ $75.00 $53.7K 42.0K 552 21

Where Is Micron Technology Standing Right Now?

* With a volume of 9,005,828, the price of MU is up -0.58% over the last 24 hours at $73.92.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 14 days.

What The Experts Say On Micron Technology:

* Deutsche Bank has decided to maintain their Buy rating on Micron Technology, which currently sits at a price target of $95.0.

Options are a riskier asset compared to just trading the stock, 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 following the markets closely. If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.