Bullish flow in Micron (MU), with shares up $5.07, or 2.71%, near $192.13. Options volume relatively light with 114k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.7. Implied volatility (IV30) is higher by 2.9 points near 63.36,in the top quartile of the past year, suggesting an expected daily move of $7.67. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at New Street.
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