Micron Doubles! 10,000 Put Options Bet on a CRASH? Find Out NOW!
Despite Micron Technology stock soaring an incredible 114% in just over two months, a surge in unusual put options activity is now raising eyebrows. This unexpected move comes even as the semiconductor giant reported record adjusted free cash flow and projected substantial future records fueled by AI demand. Interestingly, over 10,000 put options at the $390 strike price, expiring in May 2026, recently traded, representing a staggering 75 times the prior open interest. This dramatic activity suggests a fascinating dynamic where some sophisticated investors might be short-selling these puts, locking in an impressive 11.367% yield in just over three months. Discover more about these intriguing market strategies by subscribing to our channel for the latest financial insights.
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