Moderately bullish activity in Micron (MU), with shares up $18.07, or 3.49%, near $535.23. Options volume more than double the daily average with 398k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.64. Implied volatility (IV30) dropped 0.42 near 71.12,in the top quartile of the past year, suggesting an expected daily move of $23.98. Put-call skew flattened, suggesting a modestly bullish tone.
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