"Looking at the entire options structure of MU, we can draw two conclusions: 1. Options expiring on July 2nd have an extremely high proportion, mainly bearish. 2. Due to the influence of options market makers, MU's upper and lower limits are constrained to 1100 and 950. After July 2nd expiration, the upper and lower limits will open up. 3. IV climbed today, but the price dropped, with many people bottom-fishing. This implies two possibilities: a. Too many buyers, which poses higher upward risk for options market makers, so they push IV higher. b. Downward risk emerges, but 950 is the defense level (expiring July 2nd). From the options flow, retail investors are mostly buying calls." #MU #Options #IV #MarketAnalysis