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Options Activity for Micron Technology Inc (MU)
Posted on 03/08/2010
 MU options saw interesting call activity today. A total of 1,192 put and 50,939 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.02. There were 42.73 calls traded for each put contract.
Options are useful tools for predicting the movement of the
underlying stock. Put/Call ratio statistics serve as a useful predictor of investment
sentiment, indicating what experienced investors are doing in preparation for a move of an
underlying stock. Thus, unusual volume provides reliable clues that the stock is
expected to make a move.
Shares of Micron Technology Inc closed at $9.46 in the previous trading session and opened today at $9.47.
MU is currently trading at $9.59, up $0.13 (+1.37%) in today's trading session.
The shares of the stock are trading between $9.36 and $9.65.
Today's volume of 25,681,976 shares is less than the average volume of 29,434,100 shares.
MU is trading below the 50 day moving average and higher than the 200 day moving average.
The stock's 52 week low is $2.55 and 52 week high is $11.34.
Sasha Gelf
Options Analytics Group
sasha.gelf@marketintellisearch.com
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