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Intel and Micron are poised to break major milestones
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- Options traders can't get enough of semiconductor stocks.
- More than $2.8 billion of Micron options premium changed hands Tuesday as of noon Chicago time, eclipsing the dollar-amount traded in index ETFs SPY and QQQ combined.
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Options traders can't get enough of semiconductor stocks. No matter how high they go or how expensive the options get, bulls just keep flooding the space.
After a 700% rally the past year, traders poured into Micron options Tuesday, paying expensive premiums to get access to further upside in the legacy memory-chip maker that became one of the market's hottest AI trades over the past year.
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