Unusual Put Options Activity in Micron Technology After MU Stock Doubles in 2 Months

Micron Technology, Inc. (MU) stock has more than doubled from its low point a little over two months ago. That could be why there is unusual option activity in out-of-the-money MU puts expiring in just over 3 months. 

MU is at $430.28 in midday trading, up another 4.89%. MU stock hit a low of $201.37 on Nov. 20, 2025, so it's now up 114% in just over 2 months. That could explain why there is large put option activity today.