Shares of Micron Technology Inc. (MU) are trading down .15 to 9.21 today. ?MU is trading $1 off of its 52-week high.
Today paper traded 20,000 MU Jan 2014 10 calls for 1.22.?? Average volume is 41,000 contracts per day.? Open Interest is 39616 contracts.
The trade went up marked as a buy write (that is customer selling calls and buying stock) but it actually pulled the IV up with it which is odd on a call sale (could be a synthetic put).? The calls traded on the offer at the time and another 1540 have traded with.? If a buy write it would make an attractive one-year yield granted MU holds up.
30-day implied volatility is 46%.? ?10-day implied volatility is 51%.? 30-day implied volatility is trading below the 10-day historical volatility.
Micron Technology, Inc., is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.
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