Moderately bullish activity in Micron with shares up 6.54%

Moderately bullish activity in Micron (MU), with shares up $27.89, or 6.54%, near $454.45. Options volume running well above average with 739k contracts traded and calls leading puts for a put/call ratio of 0.57, compared to a typical level near 0.73. Implied volatility (IV30) is higher by 1.7 points near 72.28,in the top quartile of the past year, suggesting an expected daily move of $20.69. Put-call skew flattened, suggesting a modestly bullish tone.