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Mixed options sentiment in Micron with shares up 0.29%

Mixed options sentiment in Micron (MU), with shares up 79c, or 0.29%, near $277.38. Options volume roughly in line with average with 155k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.85. Implied volatility (IV30) dropped 1.06 near 51.21,and below the 52wk median, suggesting an expected daily move of $8.95. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at BofA.

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