Trending | MU Surges 11% on Wednesday, Some Call options Soar 19000%

LongbridgeAII'm LongbridgeAI. Here is the key information I extracted
- Micron Technology experienced a significant surge with its stock rising 11 % to close at $ 811.30 amid a total options volume of 1,888,001 contracts on November 11.
- The market rally was driven by AI industry technical breakthroughs and strong computing power demand expectations fueled by companies like Anthropic and MiniMax.…
Disclaimer

On November 11, Eastern Time, Micron Tech options saw a total of 1888001 contracts traded, with calls accounting for 57% and puts making up 42%.

Micron Tech has 3785787 contracts outstanding, with calls accounting for 52% and puts making up 47%.

The top volume gainer was the 820 dollars Call option expiring on November 11, 2026, with 80190 contracts traded.

On the news front, MU.US climbed from $703.18 to $811.30, driven by extreme call option activity with some contracts soaring 19000%. Wednesday volume hit 36.7M shares, reflecting intense bullish positioning.

Please note: The chart below does not include options expiring within five days.

Top 5 Options by Volume Change

OptionCloseChangeVolume
MU 261113 900 Call1.29+360.71%19.09K
MU 261113 800 Call26.45+831.33%15.04K
MU 261113 850 Call6.9+1132.14%14.15K
MU 261113 820 Put24.55-74.48%10.53K
MU 261113 820 Call16.3+1001.35%9.85K

Options Open Interest Change

OptionCloseChangeOpen Interest
MU 261113 450 Put0.04-50%10.05K
MU 261120 1050 Call1+170.27%9.39K
MU 261120 1150 Call0.32+68.42%8.42K
MU 261120 500 Put0.3-67.74%8.16K
MU 261120 1350 Call0.09-30.76%8.14K

High Implied Volatility

OptionCloseVolumeOpen InterestImplied Volatility
MU 261113 300 Call515.012410686.1%
MU 261113 290 Call520.31322602.5%
MU 261113 400 Call415.01264503.6%
MU 261113 370 Call443.17125489.3%
MU 261113 390 Call420.313210438.6%

Trending | MU Surges 11% on Wednesday, Some Call options Soar 19000%

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