Moderately bullish activity in Micron with shares up 3.18%

Moderately bullish activity in Micron (MU), with shares up $4.18, or 3.18%, near $135.64. Options volume running well above average with 158k contracts traded and calls leading puts for a put/call ratio of 0.4, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 0.5 points near 54.04,and above the 52wk median, suggesting an expected daily move of $4.62. Put-call skew steepened, indicating increased demand for downside protection.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.