Bullish flow in Micron with shares up 5.78%

Bullish flow in Micron (MU), with shares up $12.93, or 5.78%, near $236.70. Options volume roughly in line with average with 138k contracts traded and calls leading puts for a put/call ratio of 0.83, compared to a typical level near 0.73. Implied volatility (IV30) is higher by 2.9 points near 65.57, in the highest 10% of observations over the past year, suggesting an expected daily move of $9.78. Put-call skew flattened, suggesting a modestly bullish tone.