Investors in Micron Technology Inc. (MU) have new options available starting today, with contracts expiring on August 19th. A notable put contract at a strike price of $875.00 has a current bid of $61.80, allowing investors to potentially buy shares at an effective cost of $813.20, which is 7.06% below the current trading price of $880.02. Analysis indicates a 54% chance that this put contract could expire worthless.
On the call side, there’s a contract at the $885.00 strike price with a bid of $62.15, offering a potential return of 7.63% if the stock is called away. This call represents a 1% premium over the current stock price, with a 48% probability of expiring worthless. The implied volatility for the put is 93%, while for the call, it’s 97%. Micron’s actual volatility over the past year is calculated at 80%.
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.
