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Mixed options sentiment in Micron with shares up 1.08%

Mixed options sentiment in Micron (MU), with shares up $1.16, or 1.08%, near $108.93. Options volume relatively light with 112k contracts traded and calls leading puts for a put/call ratio of 0.96, compared to a typical level near 0.64. Implied volatility (IV30) dropped 0.22 near 43.48,in the bottom quartile of the past year, suggesting an expected daily move of $2.98. Put-call skew steepened, indicating increased demand for downside protection.

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