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Bullish flow in Micron with shares up 7.85%

Bullish flow in Micron (MU), with shares up $17.12, or 7.85%, near $235.15. Options volume running well above average with 141k contracts traded and calls leading puts for a put/call ratio of 0.79, compared to a typical level near 0.77. Implied volatility (IV30) is higher by 0.6 points near 64.56,in the top quartile of the past year, suggesting an expected daily move of $9.56. Put-call skew flattened, suggesting a modestly bullish tone.

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