Mixed options sentiment in Micron with shares down 1.57%

Mixed options sentiment in Micron (MU), with shares down $12.63 near $791.00. Options volume roughly in line with average with 534k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 0.68. Implied volatility (IV30) dropped 4.55 near 93.15, in the highest 10% of observations over the past year, suggesting an expected daily move of $46.41. Put-call skew steepened, indicating increased demand for downside protection.