Traders concentrated on buying call options on Micron, with a premium of $1.41 million

According to Capital Flow, on the afternoon of May 22, multiple traders concentrated on buying deep virtual call options on Micron, with exercise prices ranging from $750 to $1400, and expiration dates of January 15, 2027 (237 days) and July 17, 2026 (55 days). At least 9 large purchases were made from noon to afternoon on that day, with 7 of them concentrated between 1:19 pm and 1:53 pm. The most aggressive one is a contract with an exercise price of $1400 and a maturity date of January 2027, with a premium of $1.41 million. If the transaction is profitable, Micron needs to rise nearly 90% from $745 within 8 months. Trump bought $25000 to $50000 worth of Micron stock in March and publicly praised Micron the next day. The Trump Organization claims that its accounts are managed by a third party.