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Columns Micron's 240% Surge in Past Year Bolsters Case for Buying Puts to Protect Gains: Options Chatter
$Micron Technology (MU.US)$'s 240% share price surge in the past year is bolstering the appeal of put options that can shield holders from a potential reversal of the memory giant's record-breaking rally.
In the first half hour of trading Friday, an active buyer paid a $21 million premium for put options that give their holder the right to sell Micron shares at $330 by March 20. That strike price is ab...
In the first half hour of trading Friday, an active buyer paid a $21 million premium for put options that give their holder the right to sell Micron shares at $330 by March 20. That strike price is ab...



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