Micron Technology Unusual Options Activity For September 29 - Micron Technology (NASDAQ:MU)

Core Insights - Deep-pocketed investors are showing a bullish sentiment towards Micron Technology, indicating potential significant developments ahead [1] - The options activity for Micron Technology has been unusually high, with 89 extraordinary options activities recorded, reflecting a divided sentiment among investors [2] Options Activity - Among the notable options, 75 calls amounting to $5,121,736 and 14 puts totaling $1,005,040 were observed, with 49% of investors leaning bullish and 41% bearish [2] - The predicted price range for Micron Technology is between $65.0 and $220.0, based on the volume and open interest in options contracts over the past quarter [3][4] Market Performance - The current trading volume for Micron Technology is 17,793,133, with a price increase of 3.92%, bringing the stock price to $163.44 [16] - Professional analysts have issued ratings for Micron Technology, with a consensus target price of $201.0, and various analysts maintaining buy or overweight ratings with target prices ranging from $175 to $220 [13][14] Company Overview - Micron Technology is a leading semiconductor company specializing in memory and storage chips, primarily generating revenue from dynamic random access memory (DRAM) and having exposure to NAND flash chips [11] - The company serves a global customer base across various sectors, including data centers, mobile phones, consumer electronics, and industrial applications [11]