Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Options Market Statistics: Micron Slumps After Company Cuts Outlook, Analysts Raise Concerns; Options Pop

avatar
Options Newsman wrote a column · 6 hours ago
News Highlights
1. $Micron Technology (MU.US)$ slumped about 16% on Thursday with the most traded puts are contracts of $85 strike price that expire on Dec 20. The total volume reaching 32,671 with the open interest of 12,684.
Micron said late Wednesday that it sees current-quarter revenue of about $7.9 billion, well below estimates. The company pointed to a weaker-than-expected PC replacement cycle, and slowing demand for its products in the auto and industrial sector.
The news, along with bearish takes by a range of Wall Street analysts, pulled the stock down 16% recently to below $88 - around their lowest level since September—making the stock one of the top decliners in the S&P 500 in recent trading.
Options Market Statistics: Micron Slumps After Company Cuts Outlook, Analysts Raise Concerns; Options Pop
Options Market Statistics: Micron Slumps After Company Cuts Outlook, Analysts Raise Concerns; Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $Micron Technology (MU.US)$, with $86 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 173.0x with 17,817 contracts.
Options Market Statistics: Micron Slumps After Company Cuts Outlook, Analysts Raise Concerns; Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: Micron Slumps After Company Cuts Outlook, Analysts Raise Concerns; Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Optionsbefore engaging in any options trading strategies. Opening new options positions close to or on their expiration date comes with substantial risk of losses for reasons that include potential volatility of the underlying security and limited time to expiration. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including i potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
10
+0
Translate
Report
21K Views
Comment
Sign in to post a comment