Mixed options sentiment in Micron with shares up 0.36%

Mixed options sentiment in Micron (MU), with shares up 40c, or 0.36%, near $109.61. Options volume relatively light with 121k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.62. Implied volatility (IV30) dropped 1.21 near 40.71,in the bottom quartile of the past year, suggesting an expected daily move of $2.81. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at KGI Securities.