Bullish options flow on Micron as traders pile into $600 calls

Repeated January 2027 call purchases, including one with $12.5 million in premium, follow a bruising selloff in the memory chipmaker Someone just put $12.5 million on Micron bouncing back. That is the premium on a single block of January 2027 $600 call options, bought at the ask. It was not a one-off. Investors bought the same contract in repeated clusters, which suggests conviction rather than a stray trade. The timing matters: Micron’s stock has spent the past few months getting pummeled. The contracts in question are calls expiring January 15, 2027, with a $600 strike price. A call gives the buyer the right, but not the obligation, to purchase shares at that strike before expiration. The $12.5 million premium on one transaction is the headline number.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.