Pre-earnings options volume in Micron is 1.6x normal with calls leading puts 8:3. Implied volatility suggests the market is anticipating a move near 12.3%, or $17.50, after results are released. Median move over the past eight quarters is 4.2%.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Last Minute Thought: Top Analyst Weighs in on Micron Stock Ahead of Earnings
- Options Volatility and Implied Earnings Moves Today, June 26, 2024
- Options Volatility and Implied Earnings Moves This Week, June 24 – June 27, 2024
- Micron price target raised to $172 from $150 at Baird
- Micron price target raised to $175 from $150 at Citi