Bullish Options Activity Continues in Micron Technology (MU) Targets Upside in Shares -Susquehanna

Susquehanna options strategist Alison Edwards notes bullish options activity in Micron Technology (NASDAQ: MU), as an investor bought 6,500 Apr6 54/58 call spreads, paying $0.75 up to $0.85. This is likely the investor who previously bought the Apr6 58/60 call spread and with stock down ~11% since then, they are adjusting their long calls lower to better leverage upside.

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