Hold MU by Jun 12, 2026.

The tape: \~$100M into the $900 straddle (Jun 12), calls and puts same strike, both swept. Another \~$69M into the $950 straddle, same expiry. Near the money chain at 121% IV. MU last \~$935 after a 13.25% drop on 6/5 ($996 to $864 intraday) and a bounce. 121% IV is pricing a \~$103 move (\~11%) in three days. That's a number people see and assume binary event. It isn't. Micron reports June 24. This expiry is the 12th. The flow …