Micron (MU) adds 11 cents to $6.29 and a multi-exchange sweep of 3,301 Jan 6 calls trades for 55 cents and was quickly followed by a 6969-lot for 56 cents on CBOE. 10,283 now traded. Dec 7, Weekly (12/14) 7.5 calls, and Jan 7.5 calls are the next most actives. Total volume in the memory chip-maker is about 21,000 calls and 3,650 puts. Bullish trading comes after a three-week 15 percent jump in the underlying. No news on the stock today. The company presented a Gartner Data conference on 12/3.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.