Mike Khouw Sees Unusual Options Activity In Micron Technology, Inc.

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Mike Khouw said on
CNBC's Options Action
that call options outnumbered put options 2 to 1 in
Micron Technology, Inc.MU
on Thursday. He noticed that traders were buying the January 2017 25 calls and it looked to him that someone is trying to roll a position. A trader bought over 20,000 contracts of the January 2017 25 calls for $1.75, taking a bet that
Micron Technology, Inc.
could rebound. The trade would be profitable if the stock jumps 40 percent or more in 18 months.
Posted In: CNBCMediaMike KhouwOptions Action
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