Mixed options sentiment in Micron (MU), with shares down 33c near $226.30. Options volume relatively light with 105k contracts traded and calls leading puts for a put/call ratio of 0.88, compared to a typical level near 0.7. Implied volatility (IV30) dropped 5.74 near 60.76,in the top quartile of the past year, suggesting an expected daily move of $8.66. Put-call skew steepened, indicating increased demand for downside protection.
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- Mixed options sentiment in Micron with shares down 0.19%