Option traders moderately bearish in Micron (MU), with shares down $6.54 near $448.52. Options volume relatively light with 444k contracts traded and calls leading puts for a put/call ratio of 0.84, compared to a typical level near 0.7. Implied volatility (IV30) is higher by 1.0 points near 70.18,in the top quartile of the past year, suggesting an expected daily move of $19.83. Put-call skew steepened, indicating increased demand for downside protection.
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