Mixed options sentiment in Micron with shares down 0.89%

Mixed options sentiment in Micron (MU), with shares down $1.71 near $190.62. Options volume relatively light with 45k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.68. Implied volatility (IV30) dropped 1.57 near 58.07,and above the 52wk median, suggesting an expected daily move of $6.97. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Overweight at Morgan Stanley.