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Someone Bet 28 Million Against Micron While Another Loaded Up on Microsoft

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ticker lesson

Breakdown

0:04MU· ticker

Micron — $28M puts, 87% margins

  • 28M puts on MU
  • 87% gross margins
  • 150 put at 14.8M
  • 101 days to expiry
1:54MSFT· ticker

Microsoft — $6.4M calls, 570 strike

  • 6.4M calls on MSFT
  • 570 strike needs new high
  • 24 days to expiry
3:36lesson

Options activity vs fundamentals

  • Puts reflect bearish sentiment
  • Calls reflect bullish positioning
  • Market behavior vs fundamentals
5:18MU· ticker

Micron — 15% off 52-week high

  • Micron down 15%
  • Toshiba supply increase
  • Relative value short
6:57NASDAQ· ticker

NASDAQ — breakout, momentum

  • NASDAQ breaking out
  • Microsoft holding baton
  • Institutional interest
6:58MSFT· ticker

Microsoft — 570 call, 24 days to expiry

  • 570 call at 4.01M
  • Volume 7,411 contracts
  • Open interest 1,686
6:59NASDAQ· ticker

NASDAQ — breakout, momentum

  • NASDAQ breaking out
  • Microsoft holding baton
  • Institutional interest
7:00MSFT· ticker

Microsoft — 570 call, 24 days to expiry

  • 570 call at 4.01M
  • Volume 7,411 contracts
  • Open interest 1,686
7:01lesson

Expectations vs market reality

  • Micron's $28M puts
  • Microsoft's $6.4M calls
  • Expectations measured
7:02NASDAQ· ticker

NASDAQ — breakout, momentum

  • NASDAQ breaking out
  • Microsoft holding baton
  • Institutional interest

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