Mixed options sentiment in Micron (MU), with shares up $4.72, or 2.33%, near $207.10. Options volume relatively light with 215k contracts traded and calls leading puts for a put/call ratio of 0.65, compared to a typical level near 0.69. Implied volatility (IV30) dropped 1.33 near 64.3,in the top quartile of the past year, suggesting an expected daily move of $8.39. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at New Street.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Micron price target raised to $240 from $195 at Barclays
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Micron Stock (MU) Falters on Fears it is Pulling Chinese Chip Supplies
- Morning Movers: Regional banks in focus after reporting Q3 results