Options Market Statistics: Micron Stock Jumps on Analyst Optimism Ahead of Earnings; Options Pop
Shares of $Micron Technology(MU)$ 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.
$JPMorgan Chase(JPM)$ 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.
@TigerStars @CaptainTiger @TigerWire @Daily_Discussion @Tiger_chat @Tiger_comments @MillionaireTiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments