Shares of Micron Technology Inc. (MU) are trading 9.27 down .17 today.? MU is trading nearer the top of the 52 week range.
Today paper traded a large combination in MU buying the Oct 12 calls for .34 32000x, the Oct 9 puts and Oct 7 puts for .99 and .35 10600x each.?? Average volume is 41327.? Open interest is 26260, 12250, 2196 respectively.
The trade looks like a short put spread against a long call for a solid credit.? The trade as posted is very bullish but will win if MU stays above 8.78.? The IV is down small today so the trade is vega long for the by other side..
?30-day implied volatility is 43%.?? 10-day implied volatility is 30%.? 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.
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