Investors heavily bought put options in the semiconductor sector, especially in Micron and Nvidia, indicating bearish sentiment. Over 180,000 puts traded in the SMH semiconductor ETF by midday, nearly four times the call volume, with $46 million premium in puts versus $26 million in calls. Notably, a large trade involved 100,000 Nvidia puts expiring in January 2025, betting on a significant price drop. Micron saw deep in-the-money put trades suggesting a synthetic short position, reflecting cautious or bearish outlooks amid high borrowing costs or risk management strategies. This activity highlights growing investor concern about chip stocks ahead.
Micron Technology trades at USD 1,027.90 with a 0.77% decline, and Nvidia is priced at USD 229.72, down 0.33% as of Oct 10, 2026 02:02 WIB on Pluang. Despite the bearish put option activity reported, Pluang order activity shows a strong 75% buy interest for both stocks. This contrast highlights ongoing investor engagement in these chip stocks amid cautious market sentiment.
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