A whale placed a $21.23 million bearish options position on Micron, according to analyst Rocky in a post on X.
According to Odaily, the trade involved MU $900 put options expiring on June 26, 2026, with a premium of $21.23 million, volume of 7,311, open interest of 3,909, and an out-of-the-money level of 13%.
Odaily reported that more than 84% of the volume executed at the ask price, indicating active put buying. The position size exceeded existing open interest, suggesting it was a new bearish bet.
The report added that the option premium rose throughout the trading session and closed near its high, and described the trade as one of the largest semiconductor put option transactions in the market that day.
Analyst Rocky Says Whale Places $21.23 Million Bearish Options Bet on Micron
2026-06-17 05:13:46
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