Micron Technology is slated for the earnings confessional on Wednesday
Micron Technology Inc (NASDAQ:MU) is up 4.5% at $1,185.40 this afternoon, enjoying a pre-earnings lift, earlier touching a record high of $1,204.50. Now up 314% in 2026, MU continues to make noise in both the options pits and on Wall Street. MU is headed for a third-straight daily pop, while investors gear up for the company's fiscal third-quarter report, due out after the close on Wednesday.
Short interest has been building, up 6.6% over the most recent reporting period. This accounts for 3.3% of the stock's available float, with 37.55 million shares now sold short.
Not far out from its reading earlier this month, MU remains on Schaeffer's Quantitative Analyst Rocky White's list of stocks sporting the most active options over the past two weeks. Micron stock has seen roughly 4.4 million calls and 4.3 million puts during this time frame, with the weekly 6/12 1,000-strike call and the June 1,100 call seeing the most attention.
The semiconductor name is estimated to bring home earnings of $19.72 per share on $34.8 billion in revenue for Q3, per Yahoo! Finance. Over the past two years, MU has finished its post-earnings session lower six times, averaging a move of 8%, regardless of direction. This time around, analysts are anticipating a much larger-than-usual swing of 17.6% for Thursday's trading.