Notable profits for the buyer who lifted the $3.35 offer for 1,624 Micron (MU) Jun-25 125 puts yesterday at 09:58ET when underlying shares were trading at $122.96. Shares closed at $120.34, and the puts at $4.98 for a mark-to-market profit of 49%, or $264K, on the $544K outlay.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Moderately bullish activity in Micron with shares up 0.53%
- Early notable gainers among liquid option names on June 17th
- OpenAI Bags $200M Defense Deal to Boost Government AI Capabilities
- Moderately bullish activity in Micron with shares up 4.12%
- Option traders moderately bearish in Micron with shares down 0.13%