Micron Bets on a Big Earnings Move as Options Signal High Volatility

Micron Technology’s stock slid about 13% on Tuesday ahead of its upcoming earnings, and options traders are pricing in a large move. Near-the-money June 26 straddles imply roughly a $139 swing by Friday’s close (about 13%), suggesting a post-earnings range near $920 to $1,200. Active trading on both call and put sides, with notable open interest at the $1,050 strike, indicates investors are hedging for a big move in either direction.