Why Someone Just Bought $19.4M in Micron Puts
7:42
YouTubetastylive
Why Someone Just Bought $19.4M in Micron Puts
Micron is at all-time highs. Someone just bought $19.4 million in puts. Two trades. Two strikes. Both expiring after earnings on June 24th. The first trade targets the $1,000 strike about 8 percent out of the money. The second targets $870 about 20 percent out of the money. That is a tail risk bet. And it is not crazy. On June 3rd Micron went ...
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