Mixed options sentiment in Micron (MU), with shares up 39c, or 0.31%, near $124.66. Options volume relatively light with 76k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.64. Implied volatility (IV30) dropped 0.2 near 41.89,in the bottom quartile of the past year, suggesting an expected daily move of $3.29. Put-call skew steepened, indicating increased demand for downside protection.
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