US Stock Market Movement: Micron Technology plunged on October 12 due to strike risk, bearish options, and high-level correction

Micron Technology October 12: Analysis of Sharp Decline

Keywords: Strike Risk, Put Options, High-Level Pullback

1. On October 7, 2026, the Micron Taiwan Taoyuan Union authorized a strike with a 99% vote. Although the strike date has not yet been determined, the potential work stoppage could affect DRAM and high-bandwidth memory production in Taiwan, increasing uncertainty in supply continuity.

2. On October 12, 2026, traders concentrated on purchasing approximately $270 million in Micron put options and semiconductor ETF put options, indicating rising defensive hedging demand in the semiconductor sector. After Micron’s cumulative increase of 245.58% this year, the stock retreated by 7.40% over the last 5 days, and profit-taking pressure at high levels remains.

(Disclaimer: This content is summarized from publicly available information by AI technology and is for reference only; it does not constitute investment advice.)