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]

Investors with a lot of money to spend have taken a bullish stance on Micron Technology MU.And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MU, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spotted 305 ...