Mrzorro
12-20 11:18

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


$Micron Technology(MU)$   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 $S&P 500(.SPX)$   in recent trading.

There was a noteworthy activity in $Micron Technology(MU)$  , 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.


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# 💰 Stocks to watch today?(20 Dec)

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  • manlin_sun
    ·12-20 11:41
    mu is also weak
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  • VivianChua
    ·12-20 13:21
    Nice 💚💚💚
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