Mixed options sentiment in Micron (MU), with shares down 33c near $226.30. Options volume relatively light with 105k contracts traded and calls leading puts for a put/call ratio of 0.88, compared to a typical level near 0.7. Implied volatility (IV30) dropped 5.74 near 60.76,in the top quartile of the past year, suggesting an expected daily move of $8.66. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Micron Stock Forecast Jumps as Rival SK Hynix Signals a ‘Prolonged Memory Supercycle’
- Intel Stock (NASDAQ:INTC) Surges as Coalition of Record-Breakers Emerges
- AMD, NVDA, INTC, AVGO: Chip Stocks Rally as 5-Star Analyst Dan Ives Sees Tech Rebound
- Micron price target raised to $265 from $240 at Mizuho
- Mixed options sentiment in Micron with shares down 0.19%