Traders are heavily buying call options on Micron, with a premium reaching 1.41 million USD.

According to Capital Flow, on the afternoon of May 22, multiple traders concentrated on buying deep out-of-the-money call options for Micron, with strike prices ranging from $750 to $1,400. The expiration dates are January 15, 2027 (237 days until expiration) and July 17, 2026 (55 days until expiration). From noon to afternoon that day, at least 9 large buy orders were placed, 7 of which occurred between 1:19 p.m. and 1:53 p.m. The most aggressive trade was for a contract with a $1,400 strike price expiring in January 2027, carrying a premium of $1.41 million. If this trade is profitable, Micron would need to rise nearly 90% from $745 within 8 months. In March, Trump purchased $25,000 to $50,000 worth of Micron shares and publicly praised Micron the following day. Trump Organization stated that his account is managed by a third party.