Moderately bullish activity in Micron (MU), with shares up 64c, or 0.53%, near $120.48. Options volume running well above average with 185k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.81. Implied volatility (IV30) is higher by 0.8 points near 58.93,and above the 52wk median, suggesting an expected daily move of $4.47. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Micron (MU) will report earnings after the close on 2025-06-25.Option markets are pricing in a 50% probability of a move greater than 9.72% or $11.71.
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