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00:02Options traders poured into semiconductor stocks as bullish sentiment accelerated despite
00:07elevated premiums and prior gains, according to CNBC. After a 700% rally, traders poured
00:14into Micron options on Tuesday, driving more than $2.8 billion in premium by midday,
00:20exceeding combined activity in major index ETFs. Call volumes outpaced puts,
00:26with more calls bought than sold and more puts sold than bought.
00:30Implied volatility rose to 84, about five times the S&P 500. Traders targeted a range of strike
00:37prices and longer dated expiries. Similar call buying activity appeared in SanDisk and Western
00:43Digital as both reached all-time highs. Intel also advanced, surpassing its dot-com valuation and
00:50nearing a $550 billion market cap after a 13% gain.
00:54For all things money, visit Benzinga.com.
