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Mixed options sentiment in Micron with shares down 1.47%

Mixed options sentiment in Micron (MU), with shares down $1.89 near $126.03. Options volume running well above average with 156k contracts traded and calls leading puts for a put/call ratio of 0.78, compared to a typical level near 0.74. Implied volatility (IV30) dropped 2.62 near 51.47,and above the 52wk median, suggesting an expected daily move of $4.09. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 9.61% or $12.11.

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