Pre-earnings options volume in Micron (MU) is 1.8x normal with calls leading puts 3:1. Implied volatility suggests the market is anticipating a move near 11.6%, or $12.86, after results are released. Median move over the past eight quarters is 7.2%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
