Whale Bets $21.2M on Micron Decline With Put Options, Expires June 26

MU1.60%

According to analyst Rocky on X, a whale purchased $21.2 million in put options on Micron (MU) $900 strikes expiring June 26, 2026, today. The premium paid was $21.23 million with a 13% out-of-the-money level.

Over 84% of the trading volume hit the bid price, signaling aggressive put buying. The position size exceeded the current open interest, indicating a fresh bearish bet. Premium levels rose throughout the trading session and closed near highs, marking one of the largest semiconductor put trades in today's market.

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