Unusual Options Activity For March 5, 2018
We like to review the options action each day to see where big bets are being made.
Today Micron Technology (MU) traded 33,434 of the April 20 55 Call. The last trade was $2.40 or $240 a contract. So for this trade to work it will need to trade above $57.40 to break even.
There are 33 trading days for this to happen. The stock closed at $52.03. So it needs to move $5.37 or a bit more than 10%. This could happen if tech stays strong but we would rather own the stock than the
options for such a move.