Option traders moderately bearish in Micron (MU), with shares down $3.88 near $363.98. Options volume running well above average with 448k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.79. Implied volatility (IV30) is higher by 2.6 points near 72.09,in the top quartile of the past year, suggesting an expected daily move of $16.53. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Erste Group.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Micron, Meta, and Broadcom: Top Analyst Taps the Brakes on 3 AI Giants
- Wingstop upgraded, Wix downgraded: Wall Street’s top analyst calls
- Micron downgraded to Hold from Buy at Erste Group
- Micron, SanDisk should be bought on recent selloff, says Mizuho
- Nvidia (NVDA), Micron (MU): Wolfe Research Points to These 2 Chip Stocks as Key Drivers of S&P 500 (SPX) Growth