Option traders moderately bearish in Micron (MU), with shares down 16c near $116.03. Options volume roughly in line with average with 51k contracts traded and calls leading puts for a put/call ratio of 0.94, compared to a typical level near 0.79. Implied volatility (IV30) is higher by 0.4 points near 57.2,and above the 52wk median, suggesting an expected daily move of $4.18. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Micron (MU) will report earnings after the close on 2025-06-25.Option markets are pricing in a 50% probability of a move greater than 8.01% or $9.30.
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