Mixed options sentiment in Micron (MU), with shares up $11.22, or 2.93%, near $394.11. Options volume roughly in line with average with 534k contracts traded and calls leading puts for a put/call ratio of 0.92, compared to a typical level near 0.77. Implied volatility (IV30) dropped 6.6 near 69.08,in the top quartile of the past year, suggesting an expected daily move of $17.15. Put-call skew steepened, indicating increased demand for downside protection.
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