Schaeffers Investment Research·2026-01-26 16:22Core Viewpoint - Micron Technology (NASDAQ: MU) shares have declined by 2.3% to $390.36 following news that Samsung will supply Nvidia with next-generation HBM4 memory chips, potentially impacting Micron's market position [1] Group 1: Stock Performance - Micron's stock is retreating from a record high of $412.43, which it reached on Friday, and is at risk of ending a six-day winning streak [1] - Despite the recent decline, Micron's stock has increased by 534.3% from its low of $61.54 on April 7, and is trading significantly above its 60-day moving average [1] Group 2: Options Activity - Short-term options traders are actively targeting Micron, as indicated by the Schaeffer's put/call open interest ratio (SOIR) of 1.10, which ranks in the 88th percentile of its annual range [2] - In today's options activity, 85,000 calls and 61,000 puts have been traded, with the most popular contracts being the weekly 1/30 400-strike call and the 410-strike call [2] Group 3: Volatility Metrics - Micron's Schaeffer's Volatility Scorecard (SVS) is at a high level of 90 out of 100, indicating that the stock has generally exceeded options traders' volatility expectations over the past year [3]