MU251017P00120000 Option on Micron Technology

MU Stock  USD 109.22  4.01  3.54%   
MU251017P00120000 is a PUT option contract on Micron Technology's common stock with a strick price of 120.0 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 86 days remaining before the expiration. The option is currently trading at a bid price of $15.3, and an ask price of $15.55. The implied volatility as of the 23rd of July is 86.0.
When exercised, put options on Micron Technology produce a short position in Micron Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Micron Technology's downside price movement.

Rule 16 of 2025-10-17 Option Contract

The options market is anticipating that Micron Technology will have an average daily up or down price movement of about 0.0273% per day over the life of the option. With Micron Technology trading at USD 109.22, that is roughly USD 0.0298. If you think that the market is fully understating Micron Technology's daily price movement you should consider buying Micron Technology options at that current volatility level of 0.44%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

In The Money Put Option on Micron Technology

An 'In The Money' option is one with a strike price that the current stock price has already surpassed. Some options investors can hedge their Micron Technology positions using in-the-money options. They may also want to buy options with some intrinsic value, not just time value. However, because in-the-money options on Micron Stock have intrinsic value and are priced higher than out-of-the-money options in the same chain, their volatilities are relatively smaller.
Put Contract NameMU251017P00120000
Expires On2025-10-17
Days Before Expriration86
Vega0.201223
Gamma0.016595
Theoretical Value15.43
Open Interest2089
Current Trading Volume53.0
Strike Price120.0
Last Traded At15.63
Current Price Spread15.3 | 15.55
Rule 16 Daily Up or DownUSD 0.0298

Micron short PUT Option Greeks

Micron Technology's Option Greeks for the contract ending on 2025-10-17 at a strike price of 120.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Micron Technology's option greeks, its implied volatility helps estimate the risk of Micron Technology stock implied by the prices of the options on Micron Technology's stock.
Delta-0.623492
Gamma0.016595
Theta-0.043835
Vega0.201223
Rho-0.145959

Micron long PUT Option Payoff at expiration

Put options written on Micron Technology grant holders of the option the right to sell a specified amount of Micron Technology at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Micron Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Micron Technology is like buying insurance aginst Micron Technology's downside shift.
   Profit   
       Micron Technology Price At Expiration  

Micron short PUT Option Payoff at expiration

By selling Micron Technology's put option, the investors signal their bearish sentiment. A short position in a put option written on Micron Technology will generally make money when the underlying price is above the strike price. Therefore Micron Technology's put payoff at expiration depends on where the Micron Stock price is relative to the put option strike price. The breakeven price of 104.57 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Micron Technology's price. Finally, at the strike price of 120.0, the payoff chart is constant and positive.
   Profit   
       Micron Technology Price At Expiration  
View All Micron Technology Options

Micron Technology Available Put Options

Micron Technology's option chain is a display of a range of information that helps investors for ways to trade options on Micron. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Micron. It also shows strike prices and maturity days for a Micron Technology against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
 Put
MU251017P001900000190.079.7 - 81.979.7In
 Put
MU251017P001850000185.075.6 - 76.8575.6In
 Put
MU251017P001800000180.069.5 - 71.669.5In
 Put
MU251017P001750000175.064.5 - 67.264.5In
 Put
MU251017P001700000170.060.6 - 61.060.6In
 Put
MU251017P001650000165.054.0 - 57.5554.0In
 Put
MU251017P00160000150160.050.1 - 51.737.2In
 Put
MU251017P001550001155.044.85 - 46.6533.55In
 Put
MU251017P00150000191150.040.2 - 41.241.38In
 Put
MU251017P00145000143145.036.0 - 36.531.8In
 Put
MU251017P0014000086140.031.45 - 32.0532.3In
 Put
MU251017P001350001696135.026.9 - 27.3527.0In
 Put
MU251017P00130000501130.022.85 - 23.220.7In
 Put
MU251017P001250001664125.018.9 - 19.1519.0In
 Put
MU251017P001200002089120.015.3 - 15.5515.63In
 Put
MU251017P001150002655115.012.15 - 12.3512.25In
 Put
MU251017P001100002364110.09.35 - 9.59.46In
 Put
MU251017P001050002006105.07.0 - 7.157.1Out
 Put
MU251017P001000002379100.05.1 - 5.25.18Out
 Put
MU251017P00095000297895.03.6 - 3.753.6Out
 Put
MU251017P00090000372590.02.47 - 2.562.63Out
 Put
MU251017P00085000490885.01.66 - 1.741.68Out
 Put
MU251017P00080000481980.01.08 - 1.151.13Out
 Put
MU251017P00075000340975.00.72 - 0.780.79Out
 Put
MU251017P00070000376870.00.46 - 0.60.52Out
 Put
MU251017P00065000338165.00.24 - 0.370.35Out
 Put
MU251017P00060000854360.00.13 - 0.350.22Out
 Put
MU251017P00055000222455.00.06 - 0.280.13Out
 Put
MU251017P00050000105250.00.02 - 0.160.12Out
 Put
MU251017P00045000129845.00.01 - 0.190.08Out
 Put
MU251017P0004000027340.00.02 - 0.150.05Out
 Put
MU251017P000350007235.00.0 - 0.130.02Out

Micron Technology Corporate Management

Additional Tools for Micron Stock Analysis

When running Micron Technology's price analysis, check to measure Micron Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.