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Options Update for Micron Technology Inc (MU)
Posted on 03/19/2010
 MU options saw interesting call activity today. A total of 5,766 put and 34,367 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.17. There were 5.96 calls traded for each put contract.
A significant increase in the trading volume of a stock's option often is a precursor of movement by the underlying stock.
In such instances, Put/Call Ratio can be used as an investor sentiment indicator, where a high ratio implies that the overall
investor sentiment is bearish and a low Put/Call ratio implies that the overall sentiment is bullish.
Shares of MU closed at $10.16 in the previous trading session and opened today at $10.22.
Micron Technology Inc settled the day down $0.17 to $9.98 in the trading session.
The day's trading range is between $9.95 and $10.27 respectively. On the volume side,
17,188,656 shares were traded which is less than the average volume of 30,994,000 shares.
MU is trading above the 50 day moving average and higher than the 200
day moving average. The stock's 52 week low is $3.43 and 52 week high is $11.34.
by Leo Goldman
Options Analytics Group
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