Notable profits for the buyer who lifted the $6.20 offer for 8,820 Micron (MU) 3/27 weekly 400 puts yesterday at 11:05ET when underlying shares were trading at $418.79. Shares closed at $404.35, and the puts at $9.78 for a mark-to-market profit of 58%, or $3154K, on the $5468K outlay.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Trump to launch ‘Pax Silica’ fund to invest in energy, semis, NYT reports
- Microsoft (MSFT), Nvidia (NVDA), and Micron (MU) Crash 10% Collectively. What is Going on?
- Micron Stock (MU) Extends Post-Earnings Decline — But Phillip Securities Lifts Price Target
- Morning News Wrap-Up 3/23/26: Today’s Biggest Stock Market Stories!
- Micron Stock (MU) Keeps Sliding: Goldman Sachs Sees Little Room to Run