Bullish flow in Micron (MU), with shares up $23.38, or 4.71%, near $520.10. Options volume roughly in line with average with 549k contracts traded and calls leading puts for a put/call ratio of 0.75, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 2.5 points near 78.16, in the highest 10% of observations over the past year, suggesting an expected daily move of $25.61. Put-call skew flattened, suggesting a modestly bullish tone.
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