Option Traders Make Large Bearish Bets On Micron

Micron Technology, Inc. (NASDAQ: MU) shares are up 2.5% Thursday as the debate rages on on Wall Street as to whether or not the semiconductor industry has hit the bottom of the current market cycle. On Thursday, Benzinga Pro subscribers received eight option alerts related to unusually large trades of Micron options. At 9:49 a.m., a trader bought 1,080 Micron put options with a $45 strike price expiring on April 17, 2020 near the ask price at $3.60.