December 15, 2019 06:53 PM RSS

Unusual Options Activity For March 5, 2018

  • Wall Street Rebel | Geoff Garbacz
  • 03/05/2018 06:01 PM
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.

Become A Wall Street Rebel

[Image: Pile of cash]
Rebel Yell Morning Market Report
Market Alerts
New product announcements, money-saving deals, and special discounts from our investment newsletters.
News and valuable offers about my health, investing, and special interests from our trusted partners.

Latest News