Bullish flow in Micron with shares up 11.82%

Bullish flow in Micron (MU), with shares up $76.42, or 11.82%, near $723.05. Options volume more than double the daily average with 804k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 4.1 points near 83.07, in the highest 10% of observations over the past year, suggesting an expected daily move of $37.84. Put-call skew flattened, suggesting a modestly bullish tone.