tiprankstipranks

Moderately bullish activity in Micron with shares up 2.55%

Moderately bullish activity in Micron (MU), with shares up $2.77, or 2.55%, near $111.33. Options volume running well above average with 130k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.78. Implied volatility (IV30) is higher by 0.6 points near 56.93,and above the 52wk median, suggesting an expected daily move of $3.99. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Micron (MU) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

1