Investors in Micron Technology Inc. (NASDAQ: MU) saw new options trading commence on March 24, 2023, with contracts expiring on July 15, 2023. A notable put contract at the $935.00 strike price is currently bid at $45.05, allowing investors to purchase shares at an effective price of $889.95, approximately 1% below the current trading price of $942.84 per share. The likelihood of this put contract expiring worthless is estimated at 56%.
On the call side, a $955.00 strike price contract is bid at $48.55. If exercised, this would yield a total return of 6.44% based on the current stock price, although there’s a 49% chance this call might also expire worthless, allowing the investor to retain both shares and collected premiums. The implied volatility for both contracts stands at approximately 104%, while the trailing twelve-month stock volatility is measured at 75%.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
