Micron Technology Puts Have High Yields for Short Sellers Even With MU Stock Higher

Micron Technology (MU) stock is up from a recent trough and in a trading range. But short-put MU yields at a strike 9% lower over the next month make over 4.50%. That's very attractive to value investors.

MU is at $961.26 in midday trading, up 31% from a $739 trough price on July 29. However, it's been treading water for the past three months, as the chart below shows. For example, on May 29, MU closed at $971.00.