Mixed options sentiment in Micron with shares down 3.02%

Mixed options sentiment in Micron (MU), with shares down $4.88 near $156.82. Options volume running well above average with 358k contracts traded and calls leading puts for a put/call ratio of 0.91, compared to a typical level near 0.63. Implied volatility (IV30) dropped 0.55 near 46.91,and below the 52wk median, suggesting an expected daily move of $4.63. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Outperform at KGI Securities.