Micron Options Traders Brace for Massive Earnings Swing
Micron Technology shares fell approximately 13% on Tuesday as the company prepares to report FQ3 results. Options traders are pricing in a significant price swing, with some indicators suggesting a move of 11% to 14%. The stock has experienced extreme volatility despite a 739% increase over the last 12 months.
What changed
Recent market activity shows a sharp 13% drop in share price and increased options pricing for a post-earnings swing.
Live updates
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Micron Options Traders Anticipate High Volatility Ahead of Earnings
confidence 90%Micron Technology shares fell approximately 13% on Tuesday as the company prepares to report FQ3 results. Options traders are pricing in a significant price swing, with some indicators suggesting a move of 11% to 14%. The stock has experienced extreme volatility despite a 739% increase over the last 12 months.
What's confirmed:
- Micron shares fell about 13% on Tuesday.
- The stock rose 739% in 12 months.
- Micron is reporting FQ3 results.
Still unconfirmed:
- Sandisk stock hit its first big AI memory trade sell off.