Mixed options sentiment in Micron (MU), with shares up $1.24, or 0.78%, near $159.00. Options volume roughly in line with average with 47k contracts traded and puts leading calls for a put/call ratio of 1.04, compared to a typical level near 0.64. Implied volatility (IV30) dropped 2.09 near 60.31,in the top quartile of the past year, suggesting an expected daily move of $6.04. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Micron (MU) will report earnings after the close on 2025-09-23.Option markets are pricing in a 50% probability of a move greater than 10.64% or $16.91.
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