Options volume is relatively light, with 34k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.71. Implied volatility (IV30) dropped 2.25 to 50.26,above the median, suggesting an expected daily move of $2.66. Put-call skew flattened, suggesting a modestly bullish tone.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU: