Significant Options Trading on Friday: ALB, MU, ERIE
Micron Technology Options Trading: Micron Technology Inc. (MU) experienced a significant options trading volume of 388,294 contracts, equating to about 38.8 million underlying shares, which is 147.4% of its average daily trading volume. Notably, the $265 strike call option expiring on December 19, 2025, saw 28,659 contracts traded.
Erie Indemnity Options Trading: Erie Indemnity Co. (ERIE) had an options trading volume of 1,751 contracts, representing approximately 175,100 underlying shares, or 113.4% of its average daily trading volume. The $250 strike call option expiring on June 18, 2026, was particularly active with 866 contracts traded.
Options Trading Insights: The article provides insights into the options trading activities of both Micron Technology and Erie Indemnity, highlighting specific strike prices and expiration dates that attracted significant trading interest.
Source Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
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Micron Technology Reports Strong Q1 FY26 Growth
- Strong Financial Performance: Micron Technology reported a 57% year-over-year revenue increase in Q1 FY26, with net income nearly tripling, demonstrating its leadership in the memory storage industry and strong profitability, indicating long-term growth potential.
- Attractive Valuation: With a forward P/E ratio of 11.5, Micron is significantly undervalued compared to competitors like Nvidia (23), AMD (37), and Broadcom (33), making it a compelling investment opportunity that could lead to a higher market cap in the future.
- Key Role in AI Market: As a provider of memory solutions for AI chipmakers like Nvidia and AMD, Micron stands to benefit from rising AI chip sales, which will boost demand for its memory storage solutions and drive sustained revenue growth.
- Promising Growth Outlook: Following a 49% revenue increase in FY25, Micron has provided optimistic guidance for Q2 FY26, underscoring its critical role in the AI sector and future growth potential, despite not receiving the same level of market attention as other major AI companies.

Micron Technology Set to Benefit from Memory Shortage
- Surging Memory Demand: Prices for memory components are expected to rise by 50% in Q1 2026, directly driving revenue growth for Micron Technology, particularly in the context of an AI-driven memory shortage that solidifies its market leadership.
- Strong Financial Performance: Micron reported total revenue of $13.6 billion for Q1 of fiscal 2026, a 57% year-over-year increase, with DRAM sales accounting for 79% of quarterly revenue, indicating robust demand from AI for memory hardware and signaling sustained growth potential.
- Enhanced Profitability: With a gross profit margin of 45.3% and a net income margin of 28.15%, Micron demonstrates not only sales growth but also healthy profitability in the memory market, further enhancing its investment appeal.
- Valuation Advantage: Micron's forward P/E ratio of 11.6 is significantly lower than the sector median of 31.1, indicating substantial growth potential in the rapidly expanding memory market, which is likely to attract more investor attention.









