Shares of Micron Technology (MU) are trading down .04 to 9.31 today.? MU is trading near a 52-week high.
Today paper traded both the MU Apr 10 and 11 calls for .27 and .09 for a total of 9,000 contracts.? The average contract volume is over 30,427 contracts per day in the name.? Open interest is over 30,000 and 6369 contracts on each strike.? The implied volatility is up 1.5 points in April.
The trade looks like a call spread purchase but did not hit the tape marked that way.? It is possible this is a closing opening roll but the MU Apr 11 premium is very light.? This trade is inside the next earning cycle.
30-day implied volatility is 44%.? 10-day implied volatility is 28%.? 30 day implied volatility is trading above 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