Moderately bullish activity in Micron (MU), with shares up $6.64, or 5.35%, near $130.85. Options volume more than double the daily average with 284k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.66. Implied volatility (IV30) is higher by 0.0 points near 54.56,and above the 52wk median, suggesting an expected daily move of $4.50. 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.
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