Options Market Statistics: Micron Stock Jumps on Analyst Optimism Ahead of Earnings; Options Pop
News Highlights
1. Shares of $Micron Technology (MU.US)$ jumped 5% on Monday as market participants reacted to positive comments from industry analysts ahead of the company's first-quarter earnings report.
The most traded calls are contracts of $115 strike price that expire on Dec. 20, whe total volume reaching 28,989 with the open interest of 15,474.
JPMorgan analyst Harlan Sur reiterated an Overweight rating and a $180.00 price target on Micron, highlighting a potential revenue and EPS beat driven by a favorable product mix and strong shipments, particularly for its high-bandwidth memory products.
Unusual Stock Options Activity
There was a noteworthy activity in $Tesla (TSLA.US)$, with $455 puts topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 190.6x with 21,922 contracts.
Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg, MarketWatch
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